California Public Employees Retirement System reduced its stake in Grana y Montero SAA (NYSE:GRAM) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 197,400 shares of the company’s stock after selling 6,200 shares during the period. California Public Employees Retirement System owned approximately 0.15% of Grana y Montero SAA worth $1,409,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of GRAM. Aberdeen Asset Management PLC UK boosted its stake in shares of Grana y Montero SAA by 1.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 7,193,815 shares of the company’s stock worth $51,363,000 after buying an additional 90,039 shares during the period. BARING ASSET MANAGEMENT Ltd bought a new stake in shares of Grana y Montero SAA during the second quarter worth $1,162,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Grana y Montero SAA by 238.3% in the first quarter. Renaissance Technologies LLC now owns 190,580 shares of the company’s stock worth $772,000 after buying an additional 134,252 shares during the period. Institutional investors and hedge funds own 11.50% of the company’s stock.
Shares of Grana y Montero SAA (NYSE:GRAM) traded up 0.47% during midday trading on Wednesday, hitting $8.48. The company had a trading volume of 84,714 shares. Grana y Montero SAA has a 12 month low of $2.18 and a 12 month high of $8.96. The firm’s market capitalization is $1.12 billion. The company has a 50-day moving average of $8.37 and a 200 day moving average of $7.26.
Separately, TheStreet upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a research note on Monday, July 25th.
About Grana y Montero SAA
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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