Connor Clark & Lunn Investment Management Ltd. lowered its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,738 shares of the company's stock after selling 347,551 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.11% of Gran Tierra Energy worth $255,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of GTE. Private Trust Co. NA acquired a new position in shares of Gran Tierra Energy during the 4th quarter worth approximately $51,000. Quarry LP purchased a new stake in shares of Gran Tierra Energy in the third quarter valued at $52,000. R Squared Ltd purchased a new stake in shares of Gran Tierra Energy in the fourth quarter valued at $68,000. Centiva Capital LP purchased a new stake in shares of Gran Tierra Energy in the third quarter valued at $73,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gran Tierra Energy during the third quarter valued at $89,000. Hedge funds and other institutional investors own 31.70% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
Get Our Latest Report on GTE
Gran Tierra Energy Trading Up 0.4 %
Shares of NYSE GTE traded up $0.02 on Thursday, reaching $5.08. 104,842 shares of the company traded hands, compared to its average volume of 307,665. The stock has a market capitalization of $182.32 million, a PE ratio of 3.55 and a beta of 1.45. Gran Tierra Energy Inc. has a fifty-two week low of $4.13 and a fifty-two 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 50 day moving average of $5.47 and a 200 day moving average of $6.19.
Gran Tierra Energy Profile
(
Free Report)
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.
Read More
Before you consider Gran Tierra Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gran Tierra Energy wasn't on the list.
While Gran Tierra Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
