Shares of Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) traded up 3.3% during mid-day trading on Thursday . The stock traded as high as $4.38 and last traded at $4.35, with a volume of 191,148 shares traded. The stock had previously closed at $4.21.

Several analysts have recently issued reports on the company. Zacks Investment Research lowered Great Lakes Dredge & Dock Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, May 5th. Stephens raised Great Lakes Dredge & Dock Corp. from an “equal weight” rating to an “overweight” rating and set a $5.50 target price on the stock in a report on Friday, March 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.67.

The firm’s market cap is $263.85 million. The firm’s 50 day moving average is $4.55 and its 200-day moving average is $4.06.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.07) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.07). The business had revenue of $163.12 million for the quarter, compared to the consensus estimate of $178.57 million. The business’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share. On average, equities research analysts predict that Great Lakes Dredge & Dock Corp. will post $0.06 EPS for the current fiscal year.

Other hedge funds have recently modified their holdings of the company. DIAM Co. Ltd. raised its stake in shares of Great Lakes Dredge & Dock Corp. by 15.0% in the fourth quarter. DIAM Co. Ltd. now owns 268,400 shares of the company’s stock valued at $1,063,000 after buying an additional 35,100 shares during the last quarter. Merion Investment Management LP raised its stake in shares of Great Lakes Dredge & Dock Corp. by 30.1% in the fourth quarter. Merion Investment Management LP now owns 755,937 shares of the company’s stock valued at $2,994,000 after buying an additional 175,000 shares during the last quarter. Russell Frank Co raised its stake in shares of Great Lakes Dredge & Dock Corp. by 19.6% in the fourth quarter. Russell Frank Co now owns 1,427,442 shares of the company’s stock valued at $5,724,000 after buying an additional 234,078 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Great Lakes Dredge & Dock Corp. by 14.9% in the fourth quarter. Boston Partners now owns 6,362,970 shares of the company’s stock valued at $25,197,000 after buying an additional 823,860 shares during the last quarter.

Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East, West and Gulf Coasts of the United States and around the world. It operates in two segments: 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 in the United States.

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