What’s Great Lakes Dredge & Dock Corporation (GLDD) Upside After Today’s Big Increase?

September 17, 2017 - By Darrin Black

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.
Alliancebernstein L P invested in 14,100 shares. Manufacturers Life Insur The accumulated 44,689 shares or 0% of the stock. 15,183 are held by Quantum. State Street has 1.24 million shares. The California-based Tcw Group Inc Inc has invested 0.02% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Stonebridge owns 10,000 shares. Ameriprise Inc reported 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Levin Capital Strategies Ltd Partnership owns 18,000 shares for 0% of their portfolio. New Jersey Better Educational Savings holds 0.32% or 120,000 shares. Tower Limited Liability Com (Trc) has 0% invested in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Kcg holds 13,791 shares or 0% of its portfolio. Walthausen & Co stated it has 2.40M shares. Kennedy Cap Management reported 648,053 shares stake. Menta Ltd Liability Corp has invested 0.01% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). First Manhattan invested in 20,000 shares.

Since May 8, 2017, it had 1 insider purchase, and 0 sales for $45,500 activity. 10,000 Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) shares with value of $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. The stock of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) earned “Outperform” rating by Imperial Capital on Wednesday, November 4. 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 shares of GLDD in report on Wednesday, February 24 with “Outperform” rating.

More notable recent Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) news were published by: Seekingalpha.com which released: “Great Lakes Dredge & Dock: Insiders See Value In This ~$4 Infrastructure Play” on March 22, 2017, also Seekingalpha.com with their article: “Great Lakes Dredge & Dock’s (GLDD) CEO Lasse Petterson on Q2 2017 Results …” published on August 02, 2017, Nasdaq.com published: “Great Lakes Dredge & Dock Corp (GLDD) CEO Lasse Petterson Bought $583055 of Shares” on August 11, 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 Completion of Refinancing …” published on May 24, 2017 as well as Globenewswire.com‘s news article titled: “Great Lakes Dredge & Dock Corporation Announces Results of Its Cash Tender …” with publication date: May 22, 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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