Grana y Montero S.A.A. (GRAM) Raised to Buy at BidaskClub
Grana y Montero S.A.A. (NYSE:GRAM) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
Shares of Grana y Montero S.A.A. (GRAM) traded up $0.48 during midday trading on Friday, hitting $5.00. The stock had a trading volume of 487,677 shares, compared to its average volume of 178,464. The firm has a market capitalization of $621.77 million, a PE ratio of 19.63 and a beta of 0.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.40 and a quick ratio of 1.10.
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Institutional investors have recently modified their holdings of the stock. Deltec Asset Management LLC boosted its holdings in Grana y Montero S.A.A. by 86.9% in the third quarter. Deltec Asset Management LLC now owns 289,297 shares of the construction company’s stock valued at $1,392,000 after acquiring an additional 134,497 shares during the last quarter. Karp Capital Management Corp acquired a new position in Grana y Montero S.A.A. in the first quarter valued at $135,000. Dynamic Technology Lab Private Ltd acquired a new position in Grana y Montero S.A.A. in the second quarter valued at $223,000. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 11,986 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Grana y Montero S.A.A. in the second quarter valued at $122,000. Hedge funds and other institutional investors own 11.72% of the company’s stock.
Grana y Montero S.A.A. Company Profile
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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