Rockefeller Capital Management L.P. Has $1.04 Million Stock Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Rockefeller Capital Management L.P. reduced its holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 48.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,721 shares of the construction company's stock after selling 93,779 shares during the period. Rockefeller Capital Management L.P. owned 0.15% of Great Lakes Dredge & Dock worth $1,040,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Great Lakes Dredge & Dock by 6.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 213,330 shares of the construction company's stock worth $2,246,000 after purchasing an additional 13,203 shares in the last quarter. PEAK6 Investments LLC raised its position in Great Lakes Dredge & Dock by 86.7% during the third quarter. PEAK6 Investments LLC now owns 95,685 shares of the construction company's stock worth $1,008,000 after acquiring an additional 44,425 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Great Lakes Dredge & Dock by 60.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 287,248 shares of the construction company's stock valued at $3,025,000 after acquiring an additional 108,227 shares during the period. Quantbot Technologies LP increased its stake in shares of 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 worth $158,000 after purchasing an additional 10,055 shares during the last quarter. Finally, Canton Hathaway LLC raised its holdings in shares of Great Lakes Dredge & Dock by 10.7% in the 3rd quarter. Canton Hathaway LLC now owns 41,300 shares of the construction company's stock valued at $435,000 after purchasing an additional 4,000 shares during the period. 89.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GLDD shares. Noble Financial boosted their price target on Great Lakes Dredge & Dock from $11.00 to $14.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. StockNews.com cut Great Lakes Dredge & Dock from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th.

Insider Buying and Selling

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the firm's stock in a transaction dated 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 directly owns 67,675 shares of the company's stock, valued at $854,735.25. This trade represents a 25.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.

Great Lakes Dredge & Dock Stock Performance

Shares of GLDD stock traded up $0.20 during midday trading on Monday, hitting $12.69. 433,886 shares of the company were exchanged, compared to its average volume of 428,091. The firm has a market capitalization of $853.66 million, a P/E ratio of 14.59, a PEG ratio of 0.47 and a beta of 1.15. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.01 and a current ratio of 1.21. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.89. The firm's 50 day moving average price is $12.02 and its two-hundred day moving average price is $10.20.

Great Lakes Dredge & Dock (NASDAQ:GLDD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $191.17 million for the quarter, compared to the consensus estimate of $180.80 million. During the same quarter in the previous year, the business earned ($0.09) EPS. As a group, equities research analysts anticipate that Great Lakes Dredge & Dock Co. will post 0.76 earnings per share for the current year.

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.