Credit Suisse AG lowered its position in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 1.1% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 426,890 shares of the construction company’s stock after selling 4,569 shares during the period. Credit Suisse AG’s holdings in Great Lakes Dredge & Dock Corporation were worth $1,707,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Great Lakes Dredge & Dock Corporation by 4.2% in the fourth quarter. State Street Corp now owns 1,241,442 shares of the construction company’s stock worth $5,211,000 after buying an additional 49,798 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Great Lakes Dredge & Dock Corporation by 46.2% in the fourth quarter. Renaissance Technologies LLC now owns 79,263 shares of the construction company’s stock worth $333,000 after buying an additional 25,063 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Great Lakes Dredge & Dock Corporation during the fourth quarter worth about $413,000. Russell Investments Group Ltd. boosted its stake in Great Lakes Dredge & Dock Corporation by 1.4% in the first quarter. Russell Investments Group Ltd. now owns 1,250,276 shares of the construction company’s stock worth $5,000,000 after buying an additional 17,797 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Great Lakes Dredge & Dock Corporation by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 653,653 shares of the construction company’s stock worth $2,615,000 after buying an additional 14,184 shares during the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Great Lakes Dredge & Dock Corporation (NASDAQ GLDD) traded up 1.35% during mid-day trading on Friday, reaching $3.75. The company had a trading volume of 216,681 shares. The stock’s market cap is $230.27 million. The firm’s 50-day moving average price is $4.09 and its 200-day moving average price is $4.39. Great Lakes Dredge & Dock Corporation has a 12 month low of $3.05 and a 12 month high of $5.45.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $176.90 million during the quarter, compared to the consensus estimate of $201.70 million. Great Lakes Dredge & Dock Corporation had a negative net margin of 2.62% and a positive return on equity of 1.00%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. Equities research analysts forecast that Great Lakes Dredge & Dock Corporation will post $0.05 EPS for the current fiscal year.

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A number of analysts recently issued reports on GLDD shares. Cantor Fitzgerald reissued a “buy” rating and set a $6.50 price objective on shares of Great Lakes Dredge & Dock Corporation in a research report on Tuesday, July 11th. ValuEngine cut Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub cut Great Lakes Dredge & Dock Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.

In other news, CEO Lasse Petterson acquired 17,255 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $3.70 per share, with a total value of $63,843.50. Following the completion of the purchase, the chief executive officer now directly owns 349,176 shares of the company’s stock, valued at approximately $1,291,951.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 249,294 shares of company stock worth $928,774 over the last three months. 8.24% of the stock is currently owned by insiders.

Great Lakes Dredge & Dock Corporation Company Profile

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.

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Institutional Ownership by Quarter for Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD)

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