BidaskClub Downgrades Grana y Montero S.A.A. (GRAM) to Hold

Grana y Montero S.A.A. (NYSE:GRAM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Shares of Grana y Montero S.A.A. (NYSE:GRAM) opened at $3.55 on Tuesday. The company has a market capitalization of $488.44, a price-to-earnings ratio of 15.42 and a beta of 0.79. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. Grana y Montero S.A.A. has a fifty-two week low of $2.16 and a fifty-two week high of $8.60.

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A number of large investors have recently made changes to their positions in GRAM. Dimensional Fund Advisors LP grew its holdings in Grana y Montero S.A.A. by 3.3% during the 1st 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 during the last quarter. Deltec Asset Management LLC grew its holdings in Grana y Montero S.A.A. by 342.3% during the 2nd quarter. Deltec Asset Management LLC now owns 154,800 shares of the construction company’s stock valued at $505,000 after buying an additional 119,800 shares during the last quarter. Baltimore Capital Management Inc. acquired a new stake in Grana y Montero S.A.A. during the 2nd quarter valued at $379,000. TIAA CREF Investment Management LLC acquired a new stake in Grana y Montero S.A.A. during the 2nd quarter valued at $278,000. Finally, Northern Trust Corp acquired a new stake in Grana y Montero S.A.A. during the 2nd quarter valued at $308,000. Hedge funds and other institutional investors own 11.83% 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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