Alliancebernstein L.P. Sells 336,708 Shares of Gran Tierra Energy Inc (GTE)

Alliancebernstein L.P. cut its holdings in shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,706,548 shares of the company’s stock after selling 336,708 shares during the period. Alliancebernstein L.P.’s holdings in Gran Tierra Energy were worth $29,439,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GTE. BlackRock Inc. increased its position in shares of Gran Tierra Energy by 5.0% during the first quarter. BlackRock Inc. now owns 668,781 shares of the company’s stock worth $1,866,000 after acquiring an additional 31,559 shares in the last quarter. UBS Group AG boosted its holdings in Gran Tierra Energy by 383.3% during the first quarter. UBS Group AG now owns 61,479 shares of the company’s stock worth $172,000 after purchasing an additional 48,759 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Gran Tierra Energy by 666.8% during the first quarter. Allianz Asset Management GmbH now owns 179,551 shares of the company’s stock worth $501,000 after purchasing an additional 156,136 shares during the last quarter. Bank of Montreal Can boosted its holdings in Gran Tierra Energy by 28.8% during the second quarter. Bank of Montreal Can now owns 1,262,873 shares of the company’s stock worth $4,356,000 after purchasing an additional 282,219 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Gran Tierra Energy by 10.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 12,746,258 shares of the company’s stock worth $43,976,000 after purchasing an additional 1,215,470 shares during the last quarter.

GTE opened at $2.67 on Friday. Gran Tierra Energy Inc has a twelve month low of $2.07 and a twelve month high of $3.96.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its earnings results on Thursday, November 1st. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.12. The company had revenue of $175.10 million during the quarter, compared to analysts’ expectations of $177.00 million. The firm’s revenue was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share.

Separately, Zacks Investment Research cut shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th.

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Gran Tierra Energy Company Profile

Gran Tierra Energy Inc, together with its subsidiaries, engages in the exploration and production of oil and gas properties in Colombia. As of December 31, 2017, the company had total proved undeveloped reserves of 19.6 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.

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

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