Gran Tierra Energy Inc. (NYSE:GTE) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 959.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 277,168 shares of the company's stock after acquiring an additional 251,001 shares during the period. Bank of America Corp DE owned 0.90% of Gran Tierra Energy worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in Gran Tierra Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 217,552 shares of the company's stock valued at $1,573,000 after purchasing an additional 10,485 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Gran Tierra Energy in the 4th quarter valued at about $481,000. Equinox Partners Investment Management LLC lifted its holdings in Gran Tierra Energy by 63.6% in the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company's stock valued at $24,511,000 after purchasing an additional 1,318,488 shares in the last quarter. Private Trust Co. NA purchased a new position in Gran Tierra Energy in the 4th quarter valued at about $51,000. Finally, Quantbot Technologies LP purchased a new position in Gran Tierra Energy in the 4th quarter valued at about $35,000. 31.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GTE has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Gran Tierra Energy in a report on Tuesday, May 13th. They issued a "buy" rating on the stock. Wall Street Zen lowered shares of Gran Tierra Energy from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Insider Transactions at Gran Tierra Energy

In related news, major shareholder Equinox Partners Investment Ma acquired 123,000 shares of the business's stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $4.11 per share, for a total transaction of $505,530.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 475,027 shares of company stock worth $1,997,080 in the last three months. Company insiders own 6.45% of the company's stock.

Gran Tierra Energy Price Performance

Shares of GTE stock remained flat at $4.75 during trading hours on Friday. 184,737 shares of the stock traded hands, compared to its average volume of 285,308. The stock has a market cap of $167.81 million, a price-to-earnings ratio of 3.32 and a beta of 0.81. Gran Tierra Energy Inc. has a 1-year low of $3.34 and a 1-year high of $10.40. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. The business's 50-day moving average price is $4.52 and its two-hundred day moving average price is $5.54.

Gran Tierra Energy 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.