Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) Stock Position Lessened by Legato Capital Management LLC

Legato Capital Management LLC lessened its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,771 shares of the construction company's stock after selling 27,058 shares during the period. Legato Capital Management LLC owned about 0.13% of Great Lakes Dredge & Dock worth $1,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its position in shares of Great Lakes Dredge & Dock by 1.9% during the 3rd quarter. Jennison Associates LLC now owns 4,333,438 shares of the construction company's stock valued at $45,631,000 after acquiring an additional 79,087 shares in the last quarter. Harvey Partners LLC raised its holdings in shares of Great Lakes Dredge & Dock by 9.8% during the third quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company's stock worth $38,408,000 after purchasing an additional 325,500 shares during the period. TCW Group Inc. lifted its position in shares of Great Lakes Dredge & Dock by 5.0% in the 3rd quarter. TCW Group Inc. now owns 2,095,834 shares of the construction company's stock worth $22,069,000 after buying an additional 99,696 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Great Lakes Dredge & Dock by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,561,897 shares of the construction company's stock valued at $16,450,000 after buying an additional 22,166 shares during the period. Finally, State Street Corp grew its position in shares of Great Lakes Dredge & Dock by 0.9% during the 3rd quarter. State Street Corp now owns 1,540,516 shares of the construction company's stock valued at $16,222,000 after buying an additional 13,010 shares during the last quarter. 89.11% of the stock is owned by institutional investors and hedge funds.

Great Lakes Dredge & Dock Stock Performance

NASDAQ GLDD traded down $0.12 during trading hours on Monday, reaching $11.00. The company's stock had a trading volume of 320,291 shares, compared to its average volume of 343,249. 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 business has a 50-day simple moving average of $11.55 and a 200 day simple moving average of $11.11. Great Lakes Dredge & Dock Co. has a 52 week low of $6.55 and a 52 week high of $12.89. The stock has a market cap of $739.97 million, a PE ratio of 12.64, a PEG ratio of 0.37 and a beta of 1.16.

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.