Great Lakes Dredge & Dock Corporation (GLDD) Just Recorded A Sigfniciant Increase

September 17, 2017 - By Stephen Andrade

Investors sentiment increased to 1.35 in 2016 Q4. 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.
1.95 million are held by Blackrock Fund Advsrs. Moreover, Millennium Mngmt Ltd Liability has 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Jpmorgan Chase And stated it has 154,558 shares. Goldman Sachs Grp has invested 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Tfs Ltd Liability has 26,011 shares for 0.03% of their portfolio. Morgan Stanley reported 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). D E Shaw And reported 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Blackrock Investment Llc holds 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) or 261,423 shares. Cubist Systematic Strategies Ltd Liability accumulated 0.01% or 26,019 shares. California Pub Employees Retirement Systems accumulated 303,800 shares. 120,000 were accumulated by New Jersey Better Educational Savings. 100,000 were accumulated by Wynnefield Cap Inc. Prelude Mgmt Limited Company has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Metropolitan Life Ny accumulated 44,004 shares or 0% of the stock. Jennison Limited Liability has 4.09M shares.

Since May 8, 2017, it had 1 insider buy, and 0 selling transactions for $45,500 activity. The insider Uhler Robert B bought $45,500.

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 firm earned “Outperform” rating on Wednesday, November 4 by Imperial Capital. The company was maintained on Wednesday, February 24 by Imperial Capital. The rating was upgraded by Stephens on Friday, March 18 to “Overweight”. The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) has “Neutral” rating given on Friday, August 5 by DA Davidson.

More notable recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Globenewswire.com which released: “Great Lakes Dredge & Dock Corporation Schedules Announcement of 2017 Second …” on July 26, 2017, also Seekingalpha.com with their article: “Why Great Lakes Dredge & Dock Can See Substantial Upside In 2017” published on January 13, 2017, Fool.com published: “Earnings day isn’t a great day for Great Lakes Dredge & Dock” on May 08, 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 Mark Marinko on Q4 2016 Results …” published on February 22, 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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