Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDDFree Report) by 77.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,188 shares of the construction company’s stock after selling 21,289 shares during the period. Citigroup Inc.’s holdings in Great Lakes Dredge & Dock were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GLDD. UBS Group AG grew its position in shares of Great Lakes Dredge & Dock by 92.3% in the 3rd quarter. UBS Group AG now owns 3,691 shares of the construction company’s stock worth $28,000 after acquiring an additional 1,772 shares in the last quarter. Group One Trading L.P. bought a new stake in shares of Great Lakes Dredge & Dock during the 3rd quarter valued at about $30,000. Tower Research Capital LLC TRC grew its position in shares of Great Lakes Dredge & Dock by 223.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,590 shares of the construction company’s stock valued at $45,000 after buying an additional 3,864 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in Great Lakes Dredge & Dock during the first quarter worth about $56,000. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Great Lakes Dredge & Dock by 141.1% during the fourth 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 during the last quarter. 89.11% of the stock is owned by institutional investors.

Great Lakes Dredge & Dock Stock Down 2.4 %

Great Lakes Dredge & Dock stock opened at $8.54 on Tuesday. The company’s 50-day moving average price is $8.46 and its two-hundred day moving average price is $7.77. The stock has a market cap of $569.96 million, a price-to-earnings ratio of 40.67, a PEG ratio of 1.52 and a beta of 0.96. Great Lakes Dredge & Dock Co. has a 52 week low of $5.20 and a 52 week high of $9.78. The company has a current ratio of 1.26, a quick ratio of 1.07 and a debt-to-equity ratio of 1.07.

Great Lakes Dredge & Dock (NASDAQ:GLDDGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.16. The business had revenue of $181.73 million for the quarter, compared to analyst estimates of $190.05 million. Great Lakes Dredge & Dock had a net margin of 2.36% and a return on equity of 2.56%. On average, analysts expect that Great Lakes Dredge & Dock Co. will post 0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GLDD has been the topic of several recent research reports. TheStreet raised Great Lakes Dredge & Dock from a “d+” rating to a “c-” rating in a report on Tuesday, February 20th. StockNews.com upgraded shares of Great Lakes Dredge & Dock from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th.

Check Out Our Latest Report on Great Lakes Dredge & Dock

Great Lakes Dredge & Dock Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Great Lakes Dredge & Dock (NASDAQ:GLDD)

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