Great Lakes Dredge & Dock (NASDAQ:GLDD) Upgraded to Hold at StockNews.com

Great Lakes Dredge & Dock (NASDAQ:GLDD) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ GLDD opened at $6.25 on Thursday. The business’s 50 day moving average price is $7.82 and its 200 day moving average price is $7.65. The firm has a market cap of $415.56 million, a P/E ratio of -9.77 and a beta of 1.06. Great Lakes Dredge & Dock has a 52 week low of $4.74 and a 52 week high of $9.67. The company has a quick ratio of 1.12, a current ratio of 1.35 and a debt-to-equity ratio of 1.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. UBS Group AG lifted its holdings in Great Lakes Dredge & Dock by 92.3% in the third quarter. UBS Group AG now owns 3,691 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,772 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Great Lakes Dredge & Dock by 229.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,193 shares of the construction company’s stock valued at $54,000 after buying an additional 5,011 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Great Lakes Dredge & Dock during the 1st quarter valued at approximately $56,000. MGO One Seven LLC purchased a new position in Great Lakes Dredge & Dock in the 1st quarter valued at $59,000. Finally, Advisor Group Holdings Inc. lifted its holdings in Great Lakes Dredge & Dock by 141.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,675 shares of the construction company’s stock valued at $63,000 after purchasing an additional 6,247 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

About Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company engages in capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures.