Renaissance Technologies LLC Has $6.26 Million Position in Gran Tierra Energy Inc. (NYSE:GTE)

Renaissance Technologies LLC increased its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTE - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 865,280 shares of the company's stock after purchasing an additional 159,900 shares during the quarter. Renaissance Technologies LLC owned 2.82% of Gran Tierra Energy worth $6,256,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in shares of Gran Tierra Energy by 1.0% in the fourth quarter. Invesco Ltd. now owns 286,960 shares of the company's stock valued at $2,075,000 after buying an additional 2,846 shares during the period. Payden & Rygel acquired a new position in Gran Tierra Energy in the 4th quarter worth $145,000. Diametric Capital LP boosted its stake in Gran Tierra Energy by 61.6% in the 4th quarter. Diametric Capital LP now owns 30,504 shares of the company's stock worth $221,000 after purchasing an additional 11,629 shares during the period. American Century Companies Inc. increased its holdings in Gran Tierra Energy by 11.9% during the 4th quarter. American Century Companies Inc. now owns 1,171,287 shares of the company's stock worth $8,468,000 after purchasing an additional 124,138 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Gran Tierra Energy in the 4th quarter valued at about $35,000. 31.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Gran Tierra Energy from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Gran Tierra Energy Stock Up 3.2 %

Shares of GTE traded up $0.14 during mid-day trading on Thursday, hitting $4.57. 107,066 shares of the company's stock were exchanged, compared to its average volume of 309,412. The company has a 50-day simple moving average of $4.71 and a 200 day simple moving average of $5.92. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.31 and a quick ratio of 1.19. The company has a market cap of $164.01 million, a PE ratio of 3.21 and a beta of 0.89. Gran Tierra Energy Inc. has a 52 week low of $3.34 and a 52 week high of $10.40.

Insider Activity at Gran Tierra Energy

In related news, major shareholder Equinox Partners Investment Ma purchased 5,000 shares of Gran Tierra Energy stock in a transaction that occurred on Wednesday, April 2nd. The stock was purchased at an average cost of $5.16 per share, with a total value of $25,800.00. Following the completion of the transaction, the insider now owns 1,737,936 shares of the company's stock, valued at approximately $8,967,749.76. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders acquired 476,527 shares of company stock valued at $2,003,350. Corporate insiders own 6.45% of the company's stock.

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.