American Century Companies Inc. Purchases 124,138 Shares of Gran Tierra Energy Inc. (NYSE:GTE)

American Century Companies Inc. grew its holdings in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,171,287 shares of the company's stock after acquiring an additional 124,138 shares during the period. American Century Companies Inc. owned 3.82% of Gran Tierra Energy worth $8,468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GTE. Equinox Partners Investment Management LLC raised its holdings in Gran Tierra Energy by 63.6% in the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock worth $24,511,000 after purchasing an additional 1,318,488 shares during the period. Sanctuary Advisors LLC purchased a new stake in Gran Tierra Energy in the fourth quarter worth about $481,000. Perpetual Ltd lifted its position in shares of Gran Tierra Energy by 38.3% during the 4th quarter. Perpetual Ltd now owns 218,788 shares of the company's stock valued at $1,582,000 after buying an additional 60,536 shares in the last quarter. Barclays PLC lifted its position in shares of Gran Tierra Energy by 25.6% during the 3rd quarter. Barclays PLC now owns 33,755 shares of the company's stock valued at $211,000 after buying an additional 6,875 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Gran Tierra Energy by 5.1% during the 4th quarter. Empowered Funds LLC now owns 217,552 shares of the company's stock valued at $1,573,000 after acquiring an additional 10,485 shares during the period. Hedge funds and other institutional investors own 31.70% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Gran Tierra Energy Price Performance

Shares of GTE traded down $0.28 during trading hours on Tuesday, reaching $3.69. 450,177 shares of the stock traded hands, compared to its average volume of 311,541. Gran Tierra Energy Inc. has a 52-week low of $3.64 and a 52-week high of $10.40. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The company has a market cap of $132.43 million, a P/E ratio of 2.58 and a beta of 0.89. The company's 50-day moving average price is $5.05 and its two-hundred day moving average price is $6.08.

Insiders Place Their Bets

In related news, major shareholder Equinox Partners Investment Ma purchased 146,460 shares of the firm's stock in a transaction on Monday, April 7th. The shares were acquired at an average price of $3.94 per share, for a total transaction of $577,052.40. Following the purchase, the insider now directly owns 1,566,517 shares in the company, valued at $6,172,076.98. This trade represents a 10.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 275,960 shares of company stock worth $1,114,652 in the last three months. 6.45% of the stock is owned by company insiders.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.