BidaskClub cut shares of Grana y Montero S.A.A. (NYSE:GRAM) from a hold rating to a sell rating in a report published on Thursday.

Separately, ValuEngine lowered shares of Grana y Montero S.A.A. from a buy rating to a hold rating in a research report on Friday, June 2nd.

Shares of Grana y Montero S.A.A. (GRAM) remained flat at $3.19 on Thursday. 5,709 shares of the stock were exchanged. Grana y Montero S.A.A. has a 52 week low of $2.16 and a 52 week high of $8.96. The firm’s 50-day moving average price is $3.20 and its 200 day moving average price is $3.56. The firm’s market cap is $421.11 million.

Grana y Montero S.A.A. (NYSE:GRAM) last issued its earnings results on Friday, April 28th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.13. Grana y Montero S.A.A. had a net margin of 0.82% and a return on equity of 1.55%. The company had revenue of $435.84 million for the quarter. On average, analysts predict that Grana y Montero S.A.A. will post $0.99 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Deltec Asset Management LLC bought a new position in shares of Grana y Montero S.A.A. during the first quarter valued at $110,000. CIBC World Markets Inc. raised its position in shares of Grana y Montero S.A.A. by 88.5% in the first quarter. CIBC World Markets Inc. now owns 40,773 shares of the construction company’s stock valued at $128,000 after buying an additional 19,148 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Grana y Montero S.A.A. during the first quarter valued at $135,000. Russell Investments Group Ltd. bought a new position in shares of Grana y Montero S.A.A. during the fourth quarter valued at $154,000. Finally, Newfoundland Capital Management bought a new position in shares of Grana y Montero S.A.A. during the first quarter valued at $669,000. Institutional investors own 12.96% of the company’s stock.

About Grana y Montero S.A.A.

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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