Janney Montgomery Scott LLC purchased a new position in Grana y Montero SAA (NYSE:GRAM) during the first quarter, HoldingsChannel reports. The fund purchased 13,253 shares of the construction company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc acquired a new stake in shares of Grana y Montero SAA in the 4th quarter worth approximately $24,483,000. Newfoundland Capital Management acquired a new stake in shares of Grana y Montero SAA in the 4th quarter worth approximately $3,534,000. FNY Investment Advisers LLC acquired a new stake in shares of Grana y Montero SAA in the 1st quarter worth approximately $556,000. Finally, Eaton Vance Management grew its holdings in shares of Grana y Montero SAA by 17.9% in the 4th quarter. Eaton Vance Management now owns 119,700 shares of the construction company’s stock worth $372,000 after acquiring an additional 18,200 shares during the period. Institutional investors and hedge funds own 11.03% of the company’s stock.

Separately, Zacks Investment Research cut Grana y Montero SAA from a “hold” rating to a “sell” rating in a report on Monday, February 4th.

Shares of NYSE:GRAM opened at $3.26 on Monday. The firm has a market cap of $430.36 million, a price-to-earnings ratio of -12.07 and a beta of 0.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.01 and a current ratio of 1.21. Grana y Montero SAA has a one year low of $2.40 and a one year high of $4.10.

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Grana y Montero SAA Company Profile

Graña y Montero SAA., together with its subsidiaries, engages in engineering and construction, infrastructure, and real estate businesses in Peru, Chile, and Colombia. The company operates through Engineering and Construction, Infrastructure, Real Estate, and Technical Services segments. The Engineering and Construction segment provides traditional engineering services, such as structural, civil, and design engineering; and services ranging from architectural planning to advanced specialties comprising process design, simulation, and environmental services.

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Want to see what other hedge funds are holding GRAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grana y Montero SAA (NYSE:GRAM).

Institutional Ownership by Quarter for Grana y Montero SAA (NYSE:GRAM)

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