Next Century Growth Investors LLC Sells 416,301 Shares of Great Lakes Dredge & Dock Corporation $GLDD

Next Century Growth Investors LLC lowered its position in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 93.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,520 shares of the construction company’s stock after selling 416,301 shares during the period. Next Century Growth Investors LLC’s holdings in Great Lakes Dredge & Dock were worth $400,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLDD. Millennium Management LLC grew its holdings in shares of Great Lakes Dredge & Dock by 228.7% in the third quarter. Millennium Management LLC now owns 1,146,135 shares of the construction company’s stock worth $13,742,000 after acquiring an additional 797,411 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Great Lakes Dredge & Dock by 404.0% in the second quarter. Cubist Systematic Strategies LLC now owns 492,191 shares of the construction company’s stock worth $6,000,000 after acquiring an additional 394,543 shares during the period. Simcoe Capital LLC bought a new stake in shares of Great Lakes Dredge & Dock in the fourth quarter worth $4,955,000. Goldman Sachs Group Inc. grew its holdings in shares of Great Lakes Dredge & Dock by 120.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 634,720 shares of the construction company’s stock worth $8,328,000 after acquiring an additional 347,334 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Great Lakes Dredge & Dock by 641.3% in the third quarter. Qube Research & Technologies Ltd now owns 381,365 shares of the construction company’s stock worth $4,573,000 after acquiring an additional 329,922 shares during the period. Institutional investors own 89.11% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GLDD shares. Wall Street Zen raised Great Lakes Dredge & Dock to a “strong-buy” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. lowered Great Lakes Dredge & Dock from a “neutral” rating to an “underweight” rating and set a $17.00 price objective for the company. in a report on Thursday, March 26th. Zacks Research raised Great Lakes Dredge & Dock from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, CJS Securities reaffirmed a “market perform” rating on shares of Great Lakes Dredge & Dock in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Great Lakes Dredge & Dock currently has an average rating of “Hold” and an average price target of $17.00.

Great Lakes Dredge & Dock Stock Performance

NASDAQ:GLDD opened at $9.60 on Monday. The stock has a 50-day simple moving average of $16.36 and a two-hundred day simple moving average of $15.56. Great Lakes Dredge & Dock Corporation has a 52-week low of $8.80 and a 52-week high of $17.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.88 and a current ratio of 1.01. The firm has a market capitalization of $641.10 million, a PE ratio of 8.97, a P/E/G ratio of 1.26 and a beta of 1.38.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) is a leading provider of dredging and maritime construction services in the United States. The company specializes in the excavation and removal of sediment from waterways, harbors, ports and coastal areas to maintain navigability and support commercial shipping. Its operations encompass both maintenance dredging—removing accumulated material to restore channel depth—and new work projects such as land reclamation and harbor deepening.

In addition to traditional dredging, Great Lakes Dredge & Dock offers a range of complementary marine construction services.