Great Lakes Dredge & Dock Corporation (GLDD) Increases Again; Strong Momentum for Buyers

September 17, 2017 - By Richard Conner

Investors sentiment increased to 1.35 in Q4 2016. Its up 0.25, from 1.1 in 2016Q3. It is positive, as 10 investors sold Great Lakes Dredge & Dock Corporation shares while 27 reduced holdings. 21 funds opened positions while 29 raised stakes. 41.50 million shares or 5.04% less from 43.70 million shares in 2016Q3 were reported.
New York-based Alliancebernstein Lp has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Citigroup Inc holds 59,825 shares. Kcg Incorporated holds 13,791 shares or 0% of its portfolio. Morgan Stanley holds 0% or 556,564 shares. Kennedy Capital Management holds 0.05% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 648,053 shares. Ridgeworth Capital Management Limited Company stated it has 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Rhumbline Advisers invested 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,163 shares. United Kingdom-based Barclays Pcl has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Invesco Ltd owns 160,728 shares. Minerva Advisors Ltd reported 1.11M shares. Spark Invest Mgmt Limited Liability Company has 0.05% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 132,200 shares. Bankshares Of Montreal Can invested in 50,000 shares. Strs Ohio owns 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 13,600 shares. 79,263 were accumulated by Renaissance Techs Ltd Liability Com.

Since May 8, 2017, it had 1 buying transaction, and 0 selling transactions for $45,500 activity. Shares for $45,500 were bought by Uhler Robert B.

The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) is a huge mover today! The stock increased 4.35% or $0.2 on September 15, reaching $4.8. About 668,475 shares traded or 109.55% up from the average. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has risen 5.20% since September 17, 2016 and is uptrending. It has underperformed by 11.50% the S&P500.
The move comes after 7 months positive chart setup for the $294.74M company. It was reported on Sep, 17 by Barchart.com. We have $5.14 PT which if reached, will make NASDAQ:GLDD worth $20.63M more.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Ratings Coverage

Among 3 analysts covering Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Great Lakes Dredge & Dock Corporation had 5 analyst reports since October 19, 2015 according to SRatingsIntel. DA Davidson maintained it with “Neutral” rating and $4 target in Friday, August 5 report. The firm has “Overweight” rating by Stephens given on Friday, March 18. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, November 4 report. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, February 24.

More notable recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Fool.com which released: “Earnings day isn’t a great day for Great Lakes Dredge & Dock” on May 08, 2017, also Globenewswire.com with their article: “Great Lakes Dredge & Dock Corporation Schedules Announcement of 2017 Second …” published on July 26, 2017, Seekingalpha.com published: “Great Lakes Dredge & Dock’s (GLDD) CEO Mark Marinko on Q4 2016 Results …” on February 22, 2017. More interesting news about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) were released by: Seekingalpha.com and their article: “Great Lakes Dredge & Dock’s (GLDD) CEO Lasse Petterson on Q2 2017 Results …” published on August 02, 2017 as well as Globenewswire.com‘s news article titled: “Great Lakes Dredge & Dock Corporation Announces Completion of Refinancing …” with publication date: May 24, 2017.

Great Lakes Dredge & Dock Corporation is a well-known provider of dredging services. The company has market cap of $294.74 million. The Firm provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It currently has negative earnings. It operates in two divisions: Dredging Operations, which involves enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock, and Environmental & Remediation Operations, which provides construction services on soil, water and sediment for clients in both the public and private sectors.

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