Trexquant Investment LP cut its position in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD - Free Report) by 24.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,062 shares of the construction company's stock after selling 30,735 shares during the period. Trexquant Investment LP owned 0.14% of Great Lakes Dredge & Dock worth $836,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. AlphaQuest LLC increased its holdings in shares of Great Lakes Dredge & Dock by 330.4% during the first quarter. AlphaQuest LLC now owns 12,598 shares of the construction company's stock valued at $110,000 after acquiring an additional 9,671 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Great Lakes Dredge & Dock during the first quarter valued at approximately $206,000. Hsbc Holdings PLC increased its holdings in shares of Great Lakes Dredge & Dock by 3.2% during the first quarter. Hsbc Holdings PLC now owns 41,256 shares of the construction company's stock valued at $360,000 after acquiring an additional 1,272 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Great Lakes Dredge & Dock by 57.9% during the first quarter. Quantbot Technologies LP now owns 30,676 shares of the construction company's stock valued at $267,000 after acquiring an additional 11,247 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its holdings in shares of Great Lakes Dredge & Dock by 149.0% during the first quarter. Thompson Davis & CO. Inc. now owns 54,650 shares of the construction company's stock valued at $475,000 after acquiring an additional 32,700 shares in the last quarter. 89.11% of the stock is currently owned by institutional investors and hedge funds.
Great Lakes Dredge & Dock Stock Performance
GLDD stock traded down $0.19 during midday trading on Friday, hitting $12.08. The company's stock had a trading volume of 310,326 shares, compared to its average volume of 335,723. The stock's 50-day moving average price is $11.46 and its 200 day moving average price is $10.47. The company has a quick ratio of 1.02, a current ratio of 1.15 and a debt-to-equity ratio of 0.87. Great Lakes Dredge & Dock Corporation has a 1 year low of $7.51 and a 1 year high of $12.89. The stock has a market cap of $821.44 million, a price-to-earnings ratio of 11.50, a PEG ratio of 1.01 and a beta of 1.34.
Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The construction company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Great Lakes Dredge & Dock had a return on equity of 15.61% and a net margin of 8.63%.The business had revenue of $193.76 million for the quarter, compared to analysts' expectations of $177.70 million. On average, equities analysts forecast that Great Lakes Dredge & Dock Corporation will post 0.69 EPS for the current year.
Analyst Ratings Changes
GLDD has been the topic of several analyst reports. Zacks Research raised Great Lakes Dredge & Dock to a "strong-buy" rating in a research report on Tuesday, August 12th. Wall Street Zen raised Great Lakes Dredge & Dock from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Great Lakes Dredge & Dock currently has a consensus rating of "Strong Buy" and an average price target of $14.00.
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About Great Lakes Dredge & Dock
(
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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.
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