Could Great Lakes Dredge & Dock Corporation (GLDD) Change Direction After Today’s Big Increase?

September 17, 2017 - By Michael Collier

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.
Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 2,163 shares. National Bank Of Ny Mellon Corp, New York-based fund reported 639,469 shares. Citadel Advisors Limited Liability holds 138,504 shares or 0% of its portfolio. 46,123 are held by Deutsche Financial Bank Ag. Renaissance Techs Ltd Liability Co accumulated 79,263 shares or 0% of the stock. Boston Ptnrs invested in 0.03% or 4.56M shares. Morgan Stanley invested in 556,564 shares or 0% of the stock. Cwm Limited Liability Com invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). New York-based Tiaa Cref Invest Mngmt Limited Liability Corporation has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Hsbc Hldg Public Ltd holds 0% or 10,178 shares. Wynnefield invested in 0.15% or 100,000 shares. 103,300 were reported by Swiss Financial Bank. Legal And General Pcl invested in 0% or 15,062 shares. Vanguard Group has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Victory Capital Management Inc holds 0% or 284,805 shares.

Since May 8, 2017, it had 1 buying transaction, and 0 insider sales for $45,500 activity. $45,500 worth of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) was 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. On Friday, March 18 the stock rating was upgraded by Stephens to “Overweight”. Imperial Capital maintained Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) on Wednesday, November 4 with “Outperform” rating. Imperial Capital maintained the stock with “Outperform” rating in Wednesday, February 24 report. DA Davidson maintained it with “Neutral” rating and $4 target in Friday, August 5 report.

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: “Great Lakes Dredge & Dock: Insiders See Value In This ~$4 Infrastructure Play” published on March 22, 2017, Seekingalpha.com published: “Why Great Lakes Dredge & Dock Can See Substantial Upside In 2017” on January 13, 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 Fool.com‘s news article titled: “Earnings day isn’t a great day for Great Lakes Dredge & Dock” with publication date: May 08, 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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