Schroder Investment Management Group grew its holdings in Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) by 40.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,434,709 shares of the company’s stock after buying an additional 2,146,732 shares during the period. Schroder Investment Management Group owned approximately 1.91% of Gran Tierra Energy worth $20,141,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Gran Tierra Energy in the 2nd quarter valued at about $491,000. Parkwood LLC boosted its position in Gran Tierra Energy by 90.4% in the 3rd quarter. Parkwood LLC now owns 224,209 shares of the company’s stock valued at $511,000 after buying an additional 106,466 shares during the period. California Public Employees Retirement System boosted its position in Gran Tierra Energy by 15.4% in the 2nd quarter. California Public Employees Retirement System now owns 1,605,800 shares of the company’s stock valued at $3,597,000 after buying an additional 214,000 shares during the period. The Manufacturers Life Insurance Company boosted its position in Gran Tierra Energy by 2.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,471,070 shares of the company’s stock valued at $7,695,000 after buying an additional 99,228 shares during the period. Finally, Concourse Capital Management LLC boosted its position in Gran Tierra Energy by 28.7% in the 3rd quarter. Concourse Capital Management LLC now owns 1,085,061 shares of the company’s stock valued at $2,474,000 after buying an additional 242,140 shares during the period.
In other news, Director Brooke N. Wade purchased 242,600 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director now owns 242,600 shares of the company’s stock, valued at approximately C$560,406. Also, insider Gmt Capital Corp purchased 22,300 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$46,607.00. Insiders have purchased 342,500 shares of company stock worth $774,188 over the last three months.
GTE has been the subject of several recent research reports. Scotiabank restated an “outperform” rating and issued a C$5.50 price target on shares of Gran Tierra Energy in a report on Friday, November 3rd. Eight Capital reduced their price target on shares of Gran Tierra Energy from C$6.50 to C$5.25 in a report on Wednesday, September 27th. Finally, 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Gran Tierra Energy has a consensus rating of “Buy” and a consensus target price of C$4.68.
Gran Tierra Energy Inc (TSE GTE) traded down C$0.06 during mid-day trading on Friday, hitting C$2.93. 851,937 shares of the stock traded hands, compared to its average volume of 710,392. Gran Tierra Energy Inc has a fifty-two week low of C$2.41 and a fifty-two week high of C$4.18.
Gran Tierra Energy (TSE:GTE) (NYSEMKT:GTE) last released 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 business had revenue of C$103.77 million during the quarter, compared to analysts’ expectations of C$110.60 million. Gran Tierra Energy had a net margin of 3.02% and a return on equity of 1.28%. The firm’s revenue was up 51.4% on a year-over-year basis. During the same period last year, the company earned ($0.71) earnings per share.
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Gran Tierra Energy Company Profile
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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