Stanley Laman Group Ltd. purchased a new stake in Gritstone Oncology Inc (NASDAQ:GRTS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,125 shares of the company’s stock, valued at approximately $313,000. Stanley Laman Group Ltd. owned about 0.08% of Gritstone Oncology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the business. Marshall Wace North America L.P. purchased a new stake in Gritstone Oncology in the first quarter valued at $84,000. D. E. Shaw & Co. Inc. purchased a new stake in Gritstone Oncology in the fourth quarter valued at $157,000. FMR LLC boosted its holdings in Gritstone Oncology by 0.5% in the first quarter. FMR LLC now owns 2,919,381 shares of the company’s stock valued at $38,827,000 after purchasing an additional 15,551 shares during the last quarter. Deutsche Bank AG purchased a new stake in Gritstone Oncology in the fourth quarter valued at $448,000. Finally, Northern Trust Corp purchased a new stake in Gritstone Oncology in the fourth quarter valued at $1,207,000. 57.66% of the stock is currently owned by institutional investors.

Shares of GRTS traded down $0.07 during mid-day trading on Thursday, hitting $9.60. 355 shares of the company were exchanged, compared to its average volume of 114,023. Gritstone Oncology Inc has a 1-year low of $8.75 and a 1-year high of $32.90. The company has a current ratio of 9.57, a quick ratio of 9.57 and a debt-to-equity ratio of 0.13. The firm’s 50 day simple moving average is $10.54. The stock has a market cap of $345.41 million and a PE ratio of -1.33.

Gritstone Oncology (NASDAQ:GRTS) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($0.01). Gritstone Oncology had a negative return on equity of 127.90% and a negative net margin of 2,038.71%. The company had revenue of $1.15 million for the quarter, compared to analyst estimates of $1.20 million. On average, equities research analysts expect that Gritstone Oncology Inc will post -2.28 EPS for the current year.

Several research firms have recently issued reports on GRTS. Cowen reissued a “buy” rating on shares of Gritstone Oncology in a research note on Monday, May 13th. ValuEngine raised shares of Gritstone Oncology from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Gritstone Oncology from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Robert W. Baird began coverage on shares of Gritstone Oncology in a research note on Thursday, July 25th. They set an “outperform” rating and a $17.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.00.

Gritstone Oncology Company 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.

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

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