XTX Topco Ltd Has $259,000 Holdings in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD)

XTX Topco Ltd decreased its position in shares of Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 12.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,561 shares of the construction company’s stock after selling 3,382 shares during the period. XTX Topco Ltd’s holdings in Great Lakes Dredge & Dock were worth $259,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Great Lakes Dredge & Dock during the 3rd quarter valued at $6,744,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Great Lakes Dredge & Dock in the third quarter valued at $1,079,000. GSA Capital Partners LLP raised its holdings in shares of Great Lakes Dredge & Dock by 138.5% in the third quarter. GSA Capital Partners LLP now owns 154,451 shares of the construction company’s stock valued at $1,626,000 after buying an additional 89,684 shares during the last quarter. Verition Fund Management LLC grew its holdings in Great Lakes Dredge & Dock by 225.3% during the 3rd quarter. Verition Fund Management LLC now owns 60,127 shares of the construction company’s stock worth $633,000 after acquiring an additional 41,645 shares during the last quarter. Finally, PEAK6 Investments LLC increased its position in Great Lakes Dredge & Dock by 86.7% in the 3rd quarter. PEAK6 Investments LLC now owns 95,685 shares of the construction company’s stock valued at $1,008,000 after acquiring an additional 44,425 shares in the last quarter. Institutional investors own 89.11% of the company’s stock.

Analyst Ratings Changes

Separately, Noble Financial upped their target price on shares of 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.

Great Lakes Dredge & Dock Trading Down 3.8 %

GLDD stock opened at $11.43 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.97. Great Lakes Dredge & Dock Co. has a twelve month low of $6.55 and a twelve month high of $12.89. The company has a market cap of $768.92 million, a P/E ratio of 13.14, a PEG ratio of 0.48 and a beta of 1.15. The business has a fifty day moving average of $12.12 and a 200-day moving average of $10.34.

Great Lakes Dredge & Dock (NASDAQ:GLDD) last announced 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). The firm had revenue of $191.17 million for the quarter, compared to the consensus estimate of $180.80 million. Great Lakes Dredge & Dock had a return on equity of 13.35% and a net margin of 7.97%. During the same period in the prior year, the firm posted ($0.09) earnings per share. As a group, equities research analysts expect that Great Lakes Dredge & Dock Co. will post 0.76 EPS for the current year.

Insider Buying and Selling

In other Great Lakes Dredge & Dock news, Director Kathleen M. Shanahan sold 23,238 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $12.63, for a total transaction of $293,495.94. Following the completion of the sale, the director now owns 67,675 shares in the company, valued at approximately $854,735.25. The trade was a 25.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Great Lakes Dredge & Dock Profile

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.