Great Lakes Dredge & Dock Corporation (GLDD) Could Burn Your Portfolio. The Stock Formed Bearish Head & Shoulders Chart Pattern

April 26, 2018 - By Linda Rogers

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Logo

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.29, from 1.42 in 2017Q3. It turned negative, as 6 investors sold Great Lakes Dredge & Dock Corporation shares while 32 reduced holdings. 16 funds opened positions while 27 raised stakes. 42.92 million shares or 3.98% more from 41.27 million shares in 2017Q3 were reported.
Bnp Paribas Arbitrage holds 0% or 16,608 shares in its portfolio. Royal Commercial Bank Of Canada invested in 1,852 shares or 0% of the stock. Umb State Bank N A Mo stated it has 11,050 shares or 0% of all its holdings. Rhumbline Advisers owns 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 59,020 shares. Jennison Assocs Limited Liability Corp reported 0.03% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Goldman Sachs Grp Inc Inc stated it has 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Great West Life Assurance Can reported 0% stake. Alliancebernstein Ltd Partnership stated it has 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Dimensional Fund Advisors Limited Partnership invested 0.01% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Citigroup holds 20,061 shares or 0% of its portfolio. Ubs Asset Mngmt Americas holds 30,456 shares or 0% of its portfolio. Teacher Retirement Sys Of Texas holds 19,092 shares. California-based Tcw Group Inc has invested 0.02% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Sg Americas Llc holds 25,222 shares. 480 were accumulated by Mcf Advisors Ltd.

The stock of Great Lakes Dredge & Dock Corporation (GLDD) formed H&S with $4.28 target or 5.00 % below today’s $4.50 share price. The 5 months Head & Shoulders indicates high risk for the $277.82M company. It was reported on Apr, 26 by Faxor.com. If the $4.28 price target is reached, the company will be worth $13.89M less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.56% or $0.03 during the last trading session, reaching $4.5. About 105,781 shares traded. Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has risen 1.18% since April 26, 2017 and is uptrending. It has underperformed by 10.37% the S&P500.

Analysts await Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) to report earnings on May, 2. They expect $-0.19 earnings per share, down 216.67 % or $0.13 from last year’s $-0.06 per share. After $-0.12 actual earnings per share reported by Great Lakes Dredge & Dock Corporation for the previous quarter, Wall Street now forecasts 58.33 % negative EPS growth.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Institutional Positions Chart

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