CIBC Asset Management Inc lowered its position in Grifols, S.A. (NASDAQ:GRFS) by 8.0% during the second quarter, Holdings Channel reports. The firm owned 76,942 shares of the biotechnology company’s stock after selling 6,677 shares during the period. CIBC Asset Management Inc’s holdings in Grifols, were worth $1,625,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Grifols, during the first quarter worth approximately $4,439,000. Ameriprise Financial Inc. boosted its stake in Grifols, by 16.1% in the first quarter. Ameriprise Financial Inc. now owns 13,277 shares of the biotechnology company’s stock valued at $251,000 after buying an additional 1,839 shares in the last quarter. CWM LLC boosted its stake in Grifols, by 10.3% in the first quarter. CWM LLC now owns 82,287 shares of the biotechnology company’s stock valued at $1,553,000 after buying an additional 7,668 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Grifols, by 5.4% in the first quarter. Parametric Portfolio Associates LLC now owns 643,696 shares of the biotechnology company’s stock valued at $12,150,000 after buying an additional 33,206 shares in the last quarter. Finally, FIL Ltd boosted its stake in Grifols, by 0.4% in the first quarter. FIL Ltd now owns 3,689,737 shares of the biotechnology company’s stock valued at $69,644,000 after buying an additional 15,142 shares in the last quarter. Institutional investors and hedge funds own 22.69% of the company’s stock.

Shares of Grifols, S.A. (NASDAQ:GRFS) opened at 20.695 on Thursday. Grifols, S.A. has a 52-week low of $14.27 and a 52-week high of $22.83. The firm has a market capitalization of $28.28 billion, a PE ratio of 42.847 and a beta of 0.97. The company has a 50 day moving average of $20.94 and a 200 day moving average of $19.69.

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Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Grifols, from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) cut shares of Grifols, from a “buy” rating to a “neutral” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of Grifols, from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, July 4th. Finally, Bank of America Corporation reissued a “buy” rating on shares of Grifols, in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Grifols, currently has an average rating of “Hold” and an average target price of $24.00.

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Institutional Ownership by Quarter for Grifols, (NASDAQ:GRFS)

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