Today, Great Lakes Dredge & Dock Corp. (GLDD) Stake Maintained by Swiss National Bank

Today, Great Lakes Dredge & Dock Corp. (GLDD) Stake Maintained by Swiss National Bank

Swiss National Bank maintained its position in shares of Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) during the second quarter, Holdings Channel reports. The fund owned 103,300 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.17% of Great Lakes Dredge & Dock Corp. worth $450,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kennedy Capital Management Inc. increased its position in shares of Great Lakes Dredge & Dock Corp. by 48.1% in the first quarter. Kennedy Capital Management Inc. now owns 603,230 shares of the company’s stock valued at $2,690,000 after buying an additional 195,896 shares during the period. Bank of New York Mellon Corp increased its position in shares of Great Lakes Dredge & Dock Corp. by 9.2% in the second quarter. Bank of New York Mellon Corp now owns 624,720 shares of the company’s stock valued at $2,724,000 after buying an additional 52,392 shares during the period. Selz Capital LLC purchased a new position in shares of Great Lakes Dredge & Dock Corp. during the second quarter valued at approximately $218,000. Picton Mahoney Asset Management purchased a new position in shares of Great Lakes Dredge & Dock Corp. during the first quarter valued at approximately $219,000. Finally, Chelsea Counsel Co. increased its position in shares of Great Lakes Dredge & Dock Corp. by 8.6% in the first quarter. Chelsea Counsel Co. now owns 106,416 shares of the company’s stock valued at $475,000 after buying an additional 8,444 shares during the period. 80.71% of the stock is owned by hedge funds and other institutional investors.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) remained flat at $3.65 during trading on Tuesday. The stock had a trading volume of 28,640 shares. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $4.21. Great Lakes Dredge & Dock Corp. has a 52 week low of $2.96 and a 52 week high of $5.09. The company’s market capitalization is $221.73 million.

Great Lakes Dredge & Dock Corp. (NASDAQ:GLDD) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.04. Great Lakes Dredge & Dock Corp. had a negative return on equity of 2.50% and a negative net margin of 0.79%. The business earned $192.19 million during the quarter, compared to analysts’ expectations of $222.13 million. During the same period in the previous year, the business earned $0.05 earnings per share. The business’s quarterly revenue was down 19.5% on a year-over-year basis. On average, analysts expect that Great Lakes Dredge & Dock Corp. will post ($0.02) earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. DA Davidson decreased their price target on shares of Great Lakes Dredge & Dock Corp. from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Zacks Investment Research downgraded shares of Great Lakes Dredge & Dock Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. Finally, Imperial Capital downgraded shares of Great Lakes Dredge & Dock Corp. from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $5.50 to $4.00 in a research note on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.50.

In other Great Lakes Dredge & Dock Corp. news, Director Robert B. Uhler acquired 35,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was acquired at an average cost of $4.02 per share, with a total value of $140,700.00. Following the purchase, the director now directly owns 46,116 shares of the company’s stock, valued at approximately $185,386.32. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.75% of the stock is currently owned by company insiders.

About Great Lakes Dredge & Dock Corp.

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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