Two Sigma Advisers LP Decreases Stock Position in Gran Tierra Energy Inc. (NYSE:GTE)

Two Sigma Advisers LP lowered its stake in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 532,642 shares of the company's stock after selling 86,200 shares during the period. Two Sigma Advisers LP owned about 1.74% of Gran Tierra Energy worth $3,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GTE. Quantbot Technologies LP acquired a new position in Gran Tierra Energy during the fourth quarter worth about $35,000. Private Trust Co. NA acquired a new position in Gran Tierra Energy during the fourth quarter worth about $51,000. R Squared Ltd acquired a new position in Gran Tierra Energy during the fourth quarter worth about $68,000. Lazard Asset Management LLC acquired a new position in Gran Tierra Energy during the fourth quarter worth about $81,000. Finally, Payden & Rygel acquired a new position in Gran Tierra Energy during the fourth quarter worth about $145,000. Hedge funds and other institutional investors own 31.70% of the company's stock.

Analysts Set New Price Targets

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

Gran Tierra Energy Stock Performance

GTE remained flat at $4.77 during trading on Friday. 105,108 shares of the company's stock traded hands, compared to its average volume of 287,366. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. Gran Tierra Energy Inc. has a 12 month low of $3.34 and a 12 month high of $10.40. The stock's 50-day moving average is $4.54 and its 200 day moving average is $5.58. The stock has a market capitalization of $168.52 million, a price-to-earnings ratio of 3.34 and a beta of 0.71.

Insiders Place Their Bets

In other news, major shareholder Equinox Partners Investment Ma bought 146,460 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was acquired at an average cost of $3.94 per share, for a total transaction of $577,052.40. Following the completion of the purchase, the insider now owns 1,566,517 shares of the company's stock, valued at $6,172,076.98. This trade represents a 10.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 476,527 shares of company stock worth $2,003,350 over the last ninety days. 6.45% of the stock is owned by company insiders.

About Gran Tierra Energy

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.