Citigroup Inc. Buys Shares of 1,823 Gritstone Oncology Inc (GRTS)

Citigroup Inc. bought a new position in shares of Gritstone Oncology Inc (NASDAQ:GRTS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,823 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio bought a new position in shares of Gritstone Oncology in the fourth quarter worth approximately $29,000. Riverhead Capital Management LLC bought a new position in Gritstone Oncology during the third quarter valued at approximately $141,000. Point72 Asset Management L.P. purchased a new stake in shares of Gritstone Oncology during the third quarter valued at approximately $142,000. Alliancebernstein L.P. purchased a new stake in shares of Gritstone Oncology during the third quarter valued at approximately $285,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Gritstone Oncology during the third quarter valued at approximately $385,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Shares of GRTS stock remained flat at $$10.75 during trading hours on Friday. The stock had a trading volume of 767,139 shares, compared to its average volume of 182,419. Gritstone Oncology Inc has a 12-month low of $9.66 and a 12-month high of $32.90. The stock has a market cap of $313.96 million and a PE ratio of -1.48.

Gritstone Oncology (NASDAQ:GRTS) last posted its quarterly earnings results on Thursday, March 28th. The company reported ($0.61) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.02. The business had revenue of $1.09 million during the quarter, compared to analysts’ expectations of $1.20 million. As a group, equities analysts predict that Gritstone Oncology Inc will post -2.71 earnings per share for the current year.

A number of analysts recently commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $17.00 price target on shares of Gritstone Oncology in a research note on Monday, April 1st. Berenberg Bank began coverage on Gritstone Oncology in a research report on Wednesday, March 27th. They set a “buy” rating for the company. Finally, Raymond James began coverage on Gritstone Oncology in a report on Thursday, March 14th. They set an “outperform” rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Gritstone Oncology currently has a consensus rating of “Buy” and a consensus target price of $22.20.

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Gritstone Oncology Profile

Gritstone Oncology Inc, an immuno-oncology company, engages in developing tumor-specific cancer immunotherapies to fight various cancer types. Its lead product candidate is GRANITE-001, which is in Phase I/II clinical trial for the treatment of solid tumors, including metastatic non-small cell lung cancer, as well as gastroesophageal, bladder and microsatellite stable, and colorectal cancers.

See Also: Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Gritstone Oncology (NASDAQ:GRTS)

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