Renaissance Technologies LLC lifted its holdings in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 22.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 865,280 shares of the company's stock after acquiring an additional 159,900 shares during the period. Renaissance Technologies LLC owned approximately 2.82% of Gran Tierra Energy worth $6,256,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Gran Tierra Energy during the fourth quarter worth approximately $35,000. Private Trust Co. NA bought a new position in shares of Gran Tierra Energy during the 4th quarter worth approximately $51,000. R Squared Ltd bought a new stake in Gran Tierra Energy during the 4th quarter worth about $68,000. Payden & Rygel acquired a new stake in shares of Gran Tierra Energy during the 4th quarter worth approximately $145,000. Finally, Barclays PLC boosted its stake in Gran Tierra Energy by 25.6% during the 3rd quarter. Barclays PLC now owns 33,755 shares of the company's stock worth $211,000 after acquiring an additional 6,875 shares during the last quarter. Institutional investors and hedge funds own 31.70% of the company's stock.
Gran Tierra Energy Stock Down 4.2 %
GTE stock traded down $0.19 during trading on Wednesday, reaching $4.38. 106,172 shares of the stock were exchanged, compared to its average volume of 309,724. 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 firm's 50 day moving average is $4.73 and its 200 day moving average is $5.93. Gran Tierra Energy Inc. has a twelve month low of $3.34 and a twelve month high of $10.40. The firm has a market cap of $157.19 million, a P/E ratio of 3.06 and a beta of 0.89.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Stock Report on Gran Tierra Energy
Insider Buying and Selling at Gran Tierra Energy
In other news, major shareholder Equinox Partners Investment Ma bought 5,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $5.16 per share, with a total value of $25,800.00. Following the completion of the acquisition, the insider now owns 1,737,936 shares in the company, valued at $8,967,749.76. The trade was a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 377,849 shares of company stock valued at $1,543,510 in the last quarter. 6.45% of the stock is currently owned by corporate insiders.
About Gran Tierra Energy
(
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.
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