Great Lakes Dredge & Dock Corporation $GLDD Shares Sold by CenterBook Partners LP

CenterBook Partners LP decreased its position in shares of Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) by 68.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,182 shares of the construction company’s stock after selling 770,792 shares during the period. CenterBook Partners LP’s holdings in Great Lakes Dredge & Dock were worth $4,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of Great Lakes Dredge & Dock by 19.6% during the 1st quarter. Victory Capital Management Inc. now owns 116,000 shares of the construction company’s stock worth $1,009,000 after acquiring an additional 19,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Great Lakes Dredge & Dock by 34.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,523 shares of the construction company’s stock worth $187,000 after buying an additional 5,568 shares in the last quarter. TCW Group Inc. boosted its position in Great Lakes Dredge & Dock by 4.0% during the first quarter. TCW Group Inc. now owns 2,153,534 shares of the construction company’s stock valued at $18,736,000 after purchasing an additional 82,700 shares during the last quarter. Corton Capital Inc. acquired a new stake in shares of Great Lakes Dredge & Dock during the 1st quarter valued at about $269,000. Finally, XTX Topco Ltd bought a new stake in Great Lakes Dredge & Dock in the first quarter worth approximately $130,000. 89.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on GLDD shares. Zacks Research raised Great Lakes Dredge & Dock from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Great Lakes Dredge & Dock in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Great Lakes Dredge & Dock Stock Up 1.7%

Shares of GLDD opened at $11.86 on Friday. Great Lakes Dredge & Dock Corporation has a one year low of $7.51 and a one year high of $13.05. The business’s 50 day simple moving average is $11.80 and its 200-day simple moving average is $11.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.15 and a quick ratio of 1.02. The company has a market capitalization of $806.47 million, a P/E ratio of 11.30, a PEG ratio of 0.94 and a beta of 1.40.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced its earnings results on Tuesday, November 4th. The construction company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. Great Lakes Dredge & Dock had a net margin of 8.63% and a return on equity of 15.61%. The company had revenue of $195.21 million during the quarter, compared to the consensus estimate of $201.30 million. As a group, sell-side analysts predict that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current fiscal year.

Great Lakes Dredge & Dock Profile

Great Lakes Dredge & Dock Corp. engages in the provision of dredging services. Its projects include channel and port maintenance, channel deepening and port expansion, coastal protection and restoration, as well as land reclamation. The company was founded by William A. Lydon and Frederick C. Drews in 1890 and is headquartered in Houston, TX.