Great West Life Assurance Co. Can lowered its position in Grifols, S.A. (NASDAQ:GRFS) by 54.2% during the second quarter, Holdings Channel reports. The fund owned 418,431 shares of the biotechnology company’s stock after selling 496,018 shares during the period. Great West Life Assurance Co. Can’s holdings in Grifols, were worth $8,845,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of GRFS. Huntington National Bank increased its position in shares of Grifols, by 1.2% in the first quarter. Huntington National Bank now owns 6,704 shares of the biotechnology company’s stock worth $127,000 after buying an additional 77 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Grifols, during the first quarter worth $143,000. Quantbot Technologies LP increased its position in shares of Grifols, by 86.8% in the first quarter. Quantbot Technologies LP now owns 8,122 shares of the biotechnology company’s stock worth $153,000 after buying an additional 3,774 shares during the last quarter. Stifel Financial Corp increased its position in shares of Grifols, by 4.3% in the first quarter. Stifel Financial Corp now owns 11,630 shares of the biotechnology company’s stock worth $226,000 after buying an additional 476 shares during the last quarter. Finally, Atria Investments LLC increased its position in shares of Grifols, by 9.6% in the first quarter. Atria Investments LLC now owns 11,702 shares of the biotechnology company’s stock worth $221,000 after buying an additional 1,023 shares during the last quarter. Institutional investors and hedge funds own 22.69% of the company’s stock.

Grifols, S.A. (NASDAQ:GRFS) opened at 20.55 on Friday. The firm has a 50 day moving average of $20.83 and a 200 day moving average of $19.72. The firm has a market capitalization of $28.08 billion, a P/E ratio of 42.55 and a beta of 0.97. Grifols, S.A. has a 12-month low of $14.27 and a 12-month high of $22.83.

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A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Grifols, from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) downgraded shares of Grifols, from a “buy” rating to a “neutral” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of Grifols, from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, July 4th. Finally, Bank of America Corporation restated a “buy” rating on shares of Grifols, in a report on Tuesday, July 4th. Two 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 company’s stock. Grifols, presently has an average rating of “Hold” and a consensus target price of $24.00.

Want to see what other hedge funds are holding GRFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grifols, S.A. (NASDAQ:GRFS).

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

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