Will Great Lakes Dredge & Dock Corporation (GLDD) Go Down Anytime Soon?

September 17, 2017 - By Migdalia James

Investors sentiment increased to 1.35 in Q4 2016. Its up 0.25, from 1.1 in 2016Q3. It increased, 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.
Brandywine Glob Investment Management Ltd Liability Co reported 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). First Manhattan has 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Hsbc Hldg Public Ltd Co reported 10,178 shares or 0% of all its holdings. Tcw Group Inc holds 0.02% or 500,000 shares. Bnp Paribas Arbitrage owns 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 5,092 shares. Nationwide Fund Advisors owns 55,044 shares. Merion Invest Mngmt Lp has 492,638 shares for 0.63% of their portfolio. Bridgeway Capital Mngmt Inc accumulated 354,550 shares. American Intl Grp Inc Inc owns 33,977 shares. Wynnefield, a New York-based fund reported 100,000 shares. 1.24M are held by State Street Corp. Strs Ohio invested in 13,600 shares. Ny State Common Retirement Fund accumulated 0% or 55,200 shares. Blackrock Inv Limited Liability Corp owns 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 261,423 shares. Raymond James And Assocs reported 163,366 shares.

Since May 8, 2017, it had 1 insider purchase, and 0 sales for $45,500 activity. 10,000 shares valued at $45,500 were bought by Uhler Robert B on Monday, May 8.

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. The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has “Outperform” rating given on Wednesday, November 4 by Imperial Capital. The company was maintained on Friday, August 5 by DA Davidson. Imperial Capital maintained Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) rating on Wednesday, February 24. Imperial Capital has “Outperform” rating and $5.50 target. As per Friday, March 18, the company rating was upgraded by Stephens.

More notable recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Nasdaq.com which released: “Great Lakes Dredge & Dock Corp (GLDD) CEO Lasse Petterson Bought $583055 of Shares” on August 11, 2017, also Seekingalpha.com with their article: “Great Lakes Dredge & Dock: Insiders See Value In This ~$4 Infrastructure Play” published on March 22, 2017, Seekingalpha.com published: “Great Lakes Dredge & Dock’s (GLDD) CEO Lasse Petterson on Q2 2017 Results …” on August 02, 2017. More interesting news about Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) were released by: Globenewswire.com and their article: “Great Lakes Dredge & Dock Corporation Announces Results of Its Cash Tender …” published on May 22, 2017 as well as Seekingalpha.com‘s news article titled: “Why Great Lakes Dredge & Dock Can See Substantial Upside In 2017” with publication date: January 13, 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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