SCHEDULE 13G/A: AllianceBernstein L.P. Discloses 4.3% Stake in Great Lakes Dredge & Dock Corp.

AllianceBernstein L.P. has filed an amended Schedule 13G, reporting a 4.3% beneficial ownership stake in Great Lakes Dredge & Dock Corp. as of December 31, 2024.

Summary

• AllianceBernstein L.P. filed an Amendment No. 3 to Schedule 13G regarding its beneficial ownership in Great Lakes Dredge & Dock Corp.
• As of December 31, 2024, AllianceBernstein L.P. beneficially owned an aggregate of 2,866,123 shares of Great Lakes Dredge & Dock Corp. Common Stock.
• This ownership represents 4.3% of the class of securities.
• AllianceBernstein L.P. holds sole voting power over 2,546,676 shares and sole dispositive power over 2,866,123 shares.
• The shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.
• AllianceBernstein L.P. is classified as an Investment Adviser (IA) for the purpose of this filing.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership. It contains no positive or negative operational or financial news for the issuer, nor does it indicate any activist intent from the reporting person.

Positives

• The filing indicates a continued investment by a significant institutional investor, AllianceBernstein L.P., in Great Lakes Dredge & Dock Corp.
• The shares are held for investment purposes, not for influencing control, suggesting a passive, long-term investment stance.

Negatives

• The document does not contain information that would be considered negative for Great Lakes Dredge & Dock Corp.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the issuer's future performance or operations.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by AllianceBernstein L.P.)

Industry Context

This filing is a routine disclosure of an institutional investor's stake and does not provide specific insights into broader industry trends or competitive dynamics within the dredging and marine construction sector. It primarily informs the market about a significant holder's position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.
• Investment Professionals: Offers data on institutional ownership, which can be factored into investment models and analyses.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, AllianceBernstein L.P., Great Lakes Dredge & Dock Corp., Common Stock, Investment Adviser, SEC Filing