Gran Tierra Energy Inc (GTE) Stake Lifted by Foundry Partners LLC
Foundry Partners LLC lifted its position in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,682,906 shares of the company’s stock after purchasing an additional 118,019 shares during the period. Foundry Partners LLC owned about 0.43% of Gran Tierra Energy worth $3,837,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in shares of Gran Tierra Energy by 10.4% in the first quarter. Jane Street Group LLC now owns 40,479 shares of the company’s stock worth $107,000 after purchasing an additional 3,818 shares during the last quarter. Virtu KCG Holdings LLC boosted its holdings in Gran Tierra Energy by 3.7% in the second quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock valued at $258,000 after acquiring an additional 4,063 shares in the last quarter. Aperio Group LLC boosted its holdings in Gran Tierra Energy by 6.9% in the second quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock valued at $165,000 after acquiring an additional 4,769 shares in the last quarter. State Street Corp boosted its holdings in Gran Tierra Energy by 2.2% in the second quarter. State Street Corp now owns 374,942 shares of the company’s stock valued at $840,000 after acquiring an additional 8,119 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in Gran Tierra Energy by 13.5% in the first quarter. OppenheimerFunds Inc. now owns 148,940 shares of the company’s stock valued at $393,000 after acquiring an additional 17,765 shares in the last quarter.
In other news, insider Gmt Capital Corp acquired 15,100 shares of the stock in a transaction on Friday, September 1st. The stock was acquired at an average price of C$2.04 per share, with a total value of C$30,804.00. Also, Director Brooke N. Wade acquired 242,600 shares of the stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of C$2.31 per share, with a total value of C$560,406.00. Following the transaction, the director now directly owns 242,600 shares of the company’s stock, valued at approximately C$560,406. The disclosure for this purchase can be found here. Insiders have acquired 338,100 shares of company stock valued at $760,048 in the last three months.
Gran Tierra Energy Inc (TSE:GTE) opened at C$2.93 on Tuesday. Gran Tierra Energy Inc has a 52-week low of C$2.41 and a 52-week high of C$4.36.
Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.04). The firm had revenue of C$103.77 million for the quarter, compared to analysts’ expectations of C$110.60 million. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. The business’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.71) EPS.
Several analysts recently weighed in on the stock. Scotiabank reiterated an “outperform” rating and issued a C$5.50 price target on shares of Gran Tierra Energy in a report on Friday. Zacks Investment Research upgraded shares of Gran Tierra Energy from a “strong sell” rating to a “hold” rating in a report on Friday, October 27th. Finally, Eight Capital cut their price target on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Gran Tierra Energy has an average rating of “Buy” and a consensus target price of C$4.88.
About Gran Tierra Energy
Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.
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