What Will Happen to Great Lakes Dredge & Dock Corporation (GLDD) Next? The Stock Formed a Several Months Head & Shoulders

April 21, 2018 - By Vivian Park

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Logo

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.29, from 1.42 in 2017Q3. It is negative, as 6 investors sold Great Lakes Dredge & Dock Corporation shares while 32 reduced holdings. 16 funds opened positions while 27 raised stakes. 42.92 million shares or 3.98% more from 41.27 million shares in 2017Q3 were reported.
Victory Cap Management Inc stated it has 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Kbc Nv accumulated 46,317 shares. The New York-based Metropolitan Life Insurance New York has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Schwab Charles Invest has invested 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD). Susquehanna Grp Limited Liability Partnership holds 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) for 54,761 shares. State Common Retirement Fund holds 0% in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) or 55,200 shares. Bridgeway Capital Management holds 607,450 shares. Parametric Port Associates Lc owns 28,160 shares or 0% of their US portfolio. Fuller & Thaler Asset owns 392,800 shares for 0.03% of their portfolio. S Muoio & Limited Company invested in 100% or 302,262 shares. Wynnefield Capital Inc invested in 2.79% or 1.50 million shares. Bnp Paribas Arbitrage Sa holds 0% or 16,608 shares in its portfolio. Walthausen And Ltd Liability Corp reported 1.13% stake. Boothbay Fund Management Limited Liability owns 28,379 shares. Goldman Sachs Grp reported 0% of its portfolio in Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD).

The stock of Great Lakes Dredge & Dock Corporation (GLDD) formed H&S with $4.23 target or 8.00 % below today’s $4.60 share price. The 7 months Head & Shoulders indicates high risk for the $283.99 million company. It was reported on Apr, 21 by Faxor.com. If the $4.23 price target is reached, the company will be worth $22.72 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

It closed at $4.6 lastly. It is down 1.18% since April 21, 2017 and is uptrending. It has underperformed by 10.37% the S&P500.

Analysts await Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) to report earnings on May, 2. They expect $-0.19 earnings per share, down 216.67 % or $0.13 from last year’s $-0.06 per share. After $-0.12 actual earnings per share reported by Great Lakes Dredge & Dock Corporation for the previous quarter, Wall Street now forecasts 58.33 % negative EPS growth.

Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) Institutional Positions Chart

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