Barclays PLC Acquires 82,344 Shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Barclays PLC lifted its holdings in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 338.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,642 shares of the construction company's stock after purchasing an additional 82,344 shares during the period. Barclays PLC owned about 0.16% of Great Lakes Dredge & Dock worth $1,123,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quarry LP boosted its holdings in shares of Great Lakes Dredge & Dock by 68.5% in the 2nd quarter. Quarry LP now owns 3,097 shares of the construction company's stock valued at $27,000 after purchasing an additional 1,259 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 400.0% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the construction company's stock valued at $37,000 after buying an additional 2,800 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Great Lakes Dredge & Dock in the 3rd quarter valued at about $147,000. Intech Investment Management LLC acquired a new position in shares of Great Lakes Dredge & Dock in the 3rd quarter valued at about $157,000. Finally, Quantbot Technologies LP boosted its stake in Great Lakes Dredge & Dock by 204.5% during the 3rd quarter. Quantbot Technologies LP now owns 14,973 shares of the construction company's stock valued at $158,000 after purchasing an additional 10,055 shares during the period. 89.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Noble Financial boosted their target price on shares of Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd.

Great Lakes Dredge & Dock Price Performance

Shares of NASDAQ GLDD traded up $0.22 during midday trading on Tuesday, reaching $11.45. The company's stock had a trading volume of 113,833 shares, compared to its average volume of 346,982. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average price of $12.02 and a 200 day moving average price of $10.67. Great Lakes Dredge & Dock Co. has a one year low of $6.55 and a one year high of $12.89. The company has a market cap of $770.26 million, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.48 and a beta of 1.17.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last released its earnings results on Tuesday, November 5th. The construction company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.05). Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%. The business had revenue of $191.17 million during the quarter, compared to the consensus estimate of $180.80 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. On average, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

Insider Activity

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $12.63, for a total value of $293,495.94. Following the transaction, the director now owns 67,675 shares in the company, valued at approximately $854,735.25. This represents a 25.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

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.