114,661 Shares in Gran Tierra Energy Inc. (NYSE:GTE) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. acquired a new stake in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 114,661 shares of the company's stock, valued at approximately $829,000. D. E. Shaw & Co. Inc. owned approximately 0.37% of Gran Tierra Energy at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GTE. Cetera Investment Advisers raised its stake in shares of Gran Tierra Energy by 4.7% in the fourth quarter. Cetera Investment Advisers now owns 55,899 shares of the company's stock worth $404,000 after purchasing an additional 2,484 shares during the last quarter. Invesco Ltd. increased its holdings in Gran Tierra Energy by 1.0% in the 4th quarter. Invesco Ltd. now owns 286,960 shares of the company's stock worth $2,075,000 after buying an additional 2,846 shares in the last quarter. Quantbot Technologies LP purchased a new position in Gran Tierra Energy in the 4th quarter worth about $35,000. Private Trust Co. NA bought a new position in Gran Tierra Energy during the 4th quarter valued at about $51,000. Finally, Bridgeway Capital Management LLC lifted its stake in Gran Tierra Energy by 1.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 552,155 shares of the company's stock valued at $3,992,000 after acquiring an additional 7,045 shares during the period. 31.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Gran Tierra Energy in a report on Tuesday, May 13th. They set a "buy" rating for the company. Wall Street Zen downgraded shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Gran Tierra Energy Stock Performance

Shares of GTE traded down $0.01 during trading hours on Thursday, hitting $4.77. The stock had a trading volume of 109,821 shares, compared to its average volume of 287,215. The firm has a market capitalization of $168.52 million, a PE ratio of 3.34 and a beta of 0.71. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. Gran Tierra Energy Inc. has a 12 month low of $3.34 and a 12 month high of $10.40. The stock has a fifty day moving average price of $4.54 and a 200 day moving average price of $5.60.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy news, major shareholder Equinox Partners Investment Ma acquired 123,000 shares of the business's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $4.11 per share, with a total value of $505,530.00. Following the transaction, the insider now directly owns 1,855,436 shares in the company, valued at approximately $7,625,841.96. The trade was a 7.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 476,527 shares of company stock worth $2,003,350 in the last three months. 6.45% of the stock is currently owned by company insiders.

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 and Ecuador. The company was founded in 2003 and is headquartered in Calgary, Canada.