Grana y Montero S.A.A. (GRAM) Downgraded by BidaskClub to “Hold”

Grana y Montero S.A.A. (NYSE:GRAM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday, August 9th.

Separately, ValuEngine downgraded Grana y Montero S.A.A. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Grana y Montero S.A.A. (NYSE GRAM) traded up 1.89% during trading on Wednesday, hitting $3.24. 102,950 shares of the stock were exchanged. The stock’s market capitalization is $427.71 million. The firm has a 50-day moving average of $3.20 and a 200-day moving average of $3.39. Grana y Montero S.A.A. has a 52 week low of $2.16 and a 52 week high of $8.85.

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Hedge funds have recently added to or reduced their stakes in the company. Soros Fund Management LLC purchased a new position in Grana y Montero S.A.A. during the first quarter valued at $2,278,000. Artisan Partners Limited Partnership boosted its position in Grana y Montero S.A.A. by 144.8% in the first quarter. Artisan Partners Limited Partnership now owns 423,944 shares of the construction company’s stock valued at $1,327,000 after buying an additional 250,743 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Grana y Montero S.A.A. by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 371,926 shares of the construction company’s stock valued at $1,161,000 after buying an additional 11,986 shares in the last quarter. Renaissance Technologies LLC boosted its position in Grana y Montero S.A.A. by 111.6% in the fourth quarter. Renaissance Technologies LLC now owns 316,289 shares of the construction company’s stock valued at $2,261,000 after buying an additional 166,789 shares in the last quarter. Finally, Newfoundland Capital Management purchased a new position in Grana y Montero S.A.A. during the first quarter valued at $669,000. Hedge funds and other institutional investors own 12.71% of the company’s stock.

About Grana y Montero S.A.A.

Grana y Montero SAA is a Peru-based holding company primarily engaged in the four business areas: Construction and Engineering Industry, Real Estate, Oil Services, and Operation of Public Concessions and Business Support Services. Through its subsidiaries, the Company provides such services as the development and management of real estate properties and leisure facilities; the exploration, production and sale of oil, natural gas and its derivates; the storage and distribution of combustibles; information technology services; engineering consultancy; the operation and maintenance of rails and roads concessions; as well as the execution and management of projects related to the generation of electric power; among others.

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