Gran Tierra Energy Inc. (NYSE:GTE) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 46.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,226 shares of the company's stock after purchasing an additional 231,595 shares during the quarter. American Century Companies Inc. owned approximately 2.32% of Gran Tierra Energy worth $7,023,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GTE. Sanders Morris Harris LLC purchased a new position in Gran Tierra Energy in the first quarter valued at $85,000. RPO LLC acquired a new position in Gran Tierra Energy in the 4th quarter worth about $77,000. Quadrature Capital Ltd purchased a new position in Gran Tierra Energy during the fourth quarter worth approximately $151,000. Hillsdale Investment Management Inc. purchased a new position in Gran Tierra Energy during the first quarter worth approximately $203,000. Finally, Quest Partners LLC acquired a new stake in Gran Tierra Energy in the second quarter valued at approximately $465,000. 31.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Gran Tierra Energy from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 5th.

Gran Tierra Energy Stock Down 3.1 %

GTE stock opened at $6.17 on Tuesday. Gran Tierra Energy Inc. has a 52 week low of $4.72 and a 52 week high of $10.40. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The stock's 50-day moving average is $7.80. The stock has a market capitalization of $193.32 million, a PE ratio of 61.70 and a beta of 1.56.

Gran Tierra Energy (NYSE:GTE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.16 EPS for the quarter. The company had revenue of $165.61 million during the quarter. Gran Tierra Energy had a return on equity of 12.60% and a net margin of 7.68%.

Insider Buying and Selling

In other news, CEO Gary Guidry acquired 40,000 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were bought at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the acquisition, the chief executive officer now owns 525,672 shares of the company's stock, valued at approximately $3,211,855.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.45% of the stock is owned by company insiders.

Gran Tierra Energy 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.