Canton Hathaway LLC Reduces Position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

Canton Hathaway LLC cut its position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,200 shares of the construction company’s stock after selling 3,100 shares during the period. Canton Hathaway LLC’s holdings in Great Lakes Dredge & Dock were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of Great Lakes Dredge & Dock by 1.9% in the 3rd quarter. Jennison Associates LLC now owns 4,333,438 shares of the construction company’s stock valued at $45,631,000 after purchasing an additional 79,087 shares during the last quarter. Harvey Partners LLC increased its position in shares of Great Lakes Dredge & Dock by 9.8% in the 3rd quarter. Harvey Partners LLC now owns 3,647,500 shares of the construction company’s stock valued at $38,408,000 after purchasing an additional 325,500 shares during the last quarter. TCW Group Inc. increased 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 valued at $22,069,000 after purchasing an additional 99,696 shares during the last quarter. Geode Capital Management LLC increased its position 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 purchasing an additional 22,166 shares during the last quarter. Finally, State Street Corp grew its position in shares of Great Lakes Dredge & Dock by 0.9% in 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 hedge funds and other institutional investors.

Great Lakes Dredge & Dock Trading Down 2.6 %

NASDAQ GLDD opened at $8.20 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.21 and a quick ratio of 1.01. The firm’s fifty day moving average price is $11.18 and its 200 day moving average price is $11.11. The company has a market capitalization of $551.63 million, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.06 and a beta of 1.16. Great Lakes Dredge & Dock Co. has a 12 month low of $6.55 and a 12 month high of $12.89.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last posted its earnings results on Tuesday, February 18th. The construction company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $202.77 million for the quarter, compared to the consensus estimate of $211.20 million. Great Lakes Dredge & Dock had a net margin of 7.51% and a return on equity of 13.72%. On average, sell-side analysts expect that Great Lakes Dredge & Dock Co. will post 0.69 earnings per share for the current fiscal year.

Great Lakes Dredge & Dock Company 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.