Equinox Partners Investment Management LLC Acquires 1,283,783 Shares of Gran Tierra Energy Inc. $GTE

Equinox Partners Investment Management LLC increased its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,381,471 shares of the company’s stock after acquiring an additional 1,283,783 shares during the quarter. Gran Tierra Energy comprises 14.1% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Equinox Partners Investment Management LLC owned about 18.08% of Gran Tierra Energy worth $27,057,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GTE. LM Asset Management Inc. boosted its position in Gran Tierra Energy by 32.2% during the fourth quarter. LM Asset Management Inc. now owns 3,691,420 shares of the company’s stock worth $15,652,000 after acquiring an additional 899,620 shares during the last quarter. Jane Street Group LLC boosted its position in Gran Tierra Energy by 331.8% during the fourth quarter. Jane Street Group LLC now owns 214,231 shares of the company’s stock worth $908,000 after acquiring an additional 164,622 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Gran Tierra Energy during the third quarter worth about $633,000. Dimensional Fund Advisors LP boosted its position in Gran Tierra Energy by 148.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 217,505 shares of the company’s stock worth $922,000 after acquiring an additional 129,973 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Gran Tierra Energy by 94.8% during the 4th quarter. Jump Financial LLC now owns 173,161 shares of the company’s stock worth $734,000 after acquiring an additional 84,272 shares during the period. 31.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GTE. Canaccord Genuity Group set a $14.00 price target on Gran Tierra Energy in a report on Tuesday, April 14th. Roth Mkm upgraded Gran Tierra Energy from a “neutral” rating to a “buy” rating in a report on Tuesday. Finally, Raymond James Financial upgraded Gran Tierra Energy from a “hold” rating to a “moderate buy” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $9.73.

Gran Tierra Energy Stock Performance

NYSE:GTE opened at $7.62 on Thursday. 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 firm has a market capitalization of $269.44 million, a price-to-earnings ratio of 5.33 and a beta of 0.10. The company’s 50-day moving average is $8.37 and its two-hundred day moving average is $6.74. Gran Tierra Energy Inc. has a 1-year low of $3.09 and a 1-year high of $9.74.

Gran Tierra Energy Profile

Gran Tierra Energy Inc is an independent oil and gas exploration and production company focused on on-shore assets in South America. Headquartered in Calgary, Alberta, the company trades on the New York Stock Exchange under the symbol GTE. Since its founding in 2006, Gran Tierra has assembled a diversified portfolio of exploration and development blocks, with principal operations in Colombia’s Llanos and Putumayo basins and in Ecuador’s Oriente Basin.

The company’s core activities encompass the full upstream value chain, from geological and geophysical surveys to drilling, completion and production operations.