First Trust Advisors LP decreased its stake in shares of Grifols, S.A. (NASDAQ:GRFS) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 1,584,655 shares of the biotechnology company’s stock after selling 35,152 shares during the period. First Trust Advisors LP’s holdings in Grifols, were worth $33,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Wetherby Asset Management Inc. increased its stake in shares of Grifols, by 3.0% in the second quarter. Wetherby Asset Management Inc. now owns 18,731 shares of the biotechnology company’s stock valued at $396,000 after buying an additional 544 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Grifols, by 7.8% in the second quarter. Pictet Asset Management Ltd. now owns 5,409,186 shares of the biotechnology company’s stock valued at $116,081,000 after buying an additional 390,486 shares during the period. AKO Capital LLP increased its stake in shares of Grifols, by 5.7% in the second quarter. AKO Capital LLP now owns 12,341,363 shares of the biotechnology company’s stock valued at $9,335,000 after buying an additional 667,174 shares during the period. Sei Investments Co. increased its stake in shares of Grifols, by 12.5% in the second quarter. Sei Investments Co. now owns 562,049 shares of the biotechnology company’s stock valued at $11,876,000 after buying an additional 62,596 shares during the period. Finally, Cardinal Capital Management increased its stake in shares of Grifols, by 17.4% in the second quarter. Cardinal Capital Management now owns 47,533 shares of the biotechnology company’s stock valued at $1,004,000 after buying an additional 7,054 shares during the period. 22.65% of the stock is currently owned by institutional investors.

Shares of Grifols, S.A. (NASDAQ GRFS) opened at 20.57 on Tuesday. Grifols, S.A. has a 52 week low of $14.27 and a 52 week high of $22.83. The company’s 50-day moving average price is $20.78 and its 200 day moving average price is $19.78. The company has a market cap of $28.11 billion, a P/E ratio of 42.59 and a beta of 0.97.

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Several analysts recently issued reports on the company. BidaskClub downgraded Grifols, from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised Grifols, from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, July 4th. Bank of America Corporation reissued a “buy” rating on shares of Grifols, in a research note on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) downgraded Grifols, from a “buy” rating to a “neutral” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Grifols, presently has an average rating of “Hold” and a consensus target price of $24.00.

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

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