Sanctuary Advisors LLC acquired a new position in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 66,585 shares of the company's stock, valued at approximately $481,000. Sanctuary Advisors LLC owned 0.22% of Gran Tierra Energy at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Perpetual Ltd increased its holdings in Gran Tierra Energy by 38.3% in the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company's stock worth $1,582,000 after purchasing an additional 60,536 shares in the last quarter. Empowered Funds LLC grew its holdings in Gran Tierra Energy by 39.3% in the third quarter. Empowered Funds LLC now owns 207,067 shares of the company's stock worth $1,298,000 after purchasing an additional 58,438 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Gran Tierra Energy by 76.5% during the third quarter. GSA Capital Partners LLP now owns 101,047 shares of the company's stock valued at $634,000 after purchasing an additional 43,795 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Gran Tierra Energy during the 3rd quarter worth about $200,000. Finally, Victory Capital Management Inc. bought a new stake in Gran Tierra Energy in the 3rd quarter valued at about $121,000. Institutional investors and hedge funds own 31.70% of the company's stock.
Gran Tierra Energy Stock Down 2.0 %
Shares of GTE stock traded down $0.09 during trading hours on Thursday, reaching $4.49. The company had a trading volume of 206,810 shares, compared to its average volume of 327,051. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The business has a fifty day simple moving average of $6.26 and a 200-day simple moving average of $6.47. Gran Tierra Energy Inc. has a 12 month low of $4.13 and a 12 month high of $10.40. The company has a market cap of $161.14 million, a price-to-earnings ratio of 3.14 and a beta of 1.49.
Analyst Ratings Changes
Separately, StockNews.com downgraded Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Analysis on GTE
Gran Tierra Energy Company 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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
