Bank of America Corp DE Has $2 Million Stock Position in Gran Tierra Energy Inc. (NYSE:GTE)

Bank of America Corp DE boosted its holdings in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 959.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 277,168 shares of the company's stock after buying an additional 251,001 shares during the quarter. Bank of America Corp DE owned approximately 0.90% of Gran Tierra Energy worth $2,004,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GTE. Quantbot Technologies LP acquired a new stake in Gran Tierra Energy in the fourth quarter valued at about $35,000. Private Trust Co. NA acquired a new stake in shares of Gran Tierra Energy during the fourth quarter valued at about $51,000. Payden & Rygel acquired a new stake in shares of Gran Tierra Energy during the fourth quarter valued at about $145,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Gran Tierra Energy during the fourth quarter valued at about $192,000. Finally, Northern Trust Corp boosted its stake in shares of Gran Tierra Energy by 100.4% during the fourth quarter. Northern Trust Corp now owns 27,797 shares of the company's stock valued at $201,000 after purchasing an additional 13,929 shares in the last quarter. 31.70% of the stock is owned by institutional investors and hedge funds.

Gran Tierra Energy Trading Down 1.0%

Shares of GTE stock traded down $0.05 during mid-day trading on Wednesday, reaching $4.91. 121,669 shares of the stock traded hands, compared to its average volume of 286,176. The stock's fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $5.57. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The company has a market cap of $173.47 million, a price-to-earnings ratio of 3.43 and a beta of 0.71. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stifel Nicolaus assumed coverage on Gran Tierra Energy in a research note on Tuesday, May 13th. They set a "buy" rating on the stock. Wall Street Zen lowered Gran Tierra Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Insider Activity

In related news, major shareholder Equinox Partners Investment Ma acquired 123,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $4.11 per share, with a total value of $505,530.00. Following the completion of the purchase, the insider now directly owns 1,855,436 shares in the company, valued at $7,625,841.96. The trade was a 7.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have bought 475,027 shares of company stock valued at $1,997,080. 6.45% of the stock is currently owned by corporate 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.