Gran Tierra Energy Inc (GTE) Position Raised by KCG Holdings Inc.

KCG Holdings Inc. boosted its stake in shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 30.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,290 shares of the company’s stock after buying an additional 25,714 shares during the period. KCG Holdings Inc.’s holdings in Gran Tierra Energy were worth $294,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its position in Gran Tierra Energy by 6.1% in the fourth quarter. FMR LLC now owns 2,416,385 shares of the company’s stock worth $7,307,000 after buying an additional 137,900 shares during the period. AQR Capital Management LLC increased its position in Gran Tierra Energy by 42.7% in the fourth quarter. AQR Capital Management LLC now owns 229,029 shares of the company’s stock worth $692,000 after buying an additional 68,577 shares during the period. Norges Bank bought a new position in Gran Tierra Energy during the fourth quarter worth about $6,835,000. Highbridge Capital Management LLC increased its position in Gran Tierra Energy by 5.6% in the fourth quarter. Highbridge Capital Management LLC now owns 330,997 shares of the company’s stock worth $1,000,000 after buying an additional 17,443 shares during the period. Finally, Foundry Partners LLC increased its position in Gran Tierra Energy by 14.5% in the first quarter. Foundry Partners LLC now owns 1,442,051 shares of the company’s stock worth $3,807,000 after buying an additional 183,006 shares during the period.

Gran Tierra Energy Inc (TSE:GTE) traded up 0.74% during midday trading on Friday, hitting $2.74. 262,256 shares of the company were exchanged. The stock’s market capitalization is $1.08 billion. Gran Tierra Energy Inc has a 1-year low of $2.65 and a 1-year high of $4.40. The stock has a 50 day moving average of $2.84 and a 200-day moving average of $3.21.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.06. Gran Tierra Energy had a negative net margin of 7.08% and a negative return on equity of 2.76%. The firm had revenue of $96.13 million for the quarter, compared to analysts’ expectations of $99.95 million. Equities analysts expect that Gran Tierra Energy Inc will post $0.07 earnings per share for the current year.

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A number of equities analysts have issued reports on GTE shares. Scotiabank reiterated an “outperform” rating and set a C$6.00 price target on shares of Gran Tierra Energy in a research note on Thursday, May 4th. Credit Suisse Group set a C$4.00 price target on Gran Tierra Energy and gave the company a “buy” rating in a research note on Thursday, May 4th. TD Securities reissued an “action list buy” rating and set a C$6.50 target price on shares of Gran Tierra Energy in a research report on Friday, May 5th. Finally, Zacks Investment Research cut shares of Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$4.90.

In other Gran Tierra Energy news, insider Gmt Capital Corp purchased 12,900 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average cost of C$2.35 per share, for a total transaction of C$30,315.00. Also, Director David Paul Smith purchased 35,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was acquired at an average price of C$2.08 per share, for a total transaction of C$72,800.00. In the last 90 days, insiders have purchased 86,700 shares of company stock worth $193,402.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, an independent energy company, engages in the acquisition, exploration, development, and production of oil and gas properties in Colombia, Peru, and Brazil. As of December 31, 2016, the company had total proved undeveloped reserves of 14.9 million barrels of oil equivalent (MMBOE), including 10.4 MMBOE in Colombia and 4.5 MMBOE in Brazil.

Institutional Ownership by Quarter for Gran Tierra Energy (TSE:GTE)

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