Russell Investments Group Ltd. Decreases Position in Gran Tierra Energy Inc (TSE:GTE)

Russell Investments Group Ltd. cut its stake in Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 70.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 273,800 shares of the company’s stock after selling 648,200 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Gran Tierra Energy worth $723,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GTE. WFG Advisors LP raised its stake in shares of Gran Tierra Energy by 34.5% in the fourth quarter. WFG Advisors LP now owns 2,589 shares of the company’s stock worth $150,000 after buying an additional 664 shares during the period. A.R.T. Advisors LLC raised its stake in shares of Gran Tierra Energy by 879.4% in the fourth quarter. A.R.T. Advisors LLC now owns 190,000 shares of the company’s stock worth $573,000 after buying an additional 170,600 shares during the period. AQR Capital Management LLC raised its stake in shares of Gran Tierra Energy by 42.7% in the fourth quarter. AQR Capital Management LLC now owns 229,029 shares of the company’s stock worth $692,000 after buying an additional 68,577 shares during the period. GSA Capital Partners LLP raised its stake in shares of Gran Tierra Energy by 8.8% in the fourth quarter. GSA Capital Partners LLP now owns 277,988 shares of the company’s stock worth $840,000 after buying an additional 22,551 shares during the period. Finally, Highbridge Capital Management LLC raised its stake in shares of Gran Tierra Energy by 5.6% in the fourth quarter. Highbridge Capital Management LLC now owns 330,997 shares of the company’s stock worth $1,000,000 after buying an additional 17,443 shares during the period.

Shares of Gran Tierra Energy Inc (TSE:GTE) traded up 0.68% during mid-day trading on Thursday, hitting $2.95. The company had a trading volume of 352,318 shares. Gran Tierra Energy Inc has a 12 month low of $2.65 and a 12 month high of $4.40. The firm has a 50-day moving average price of $2.88 and a 200 day moving average price of $3.30. The firm’s market capitalization is $1.18 billion.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.54. The company had revenue of $94.66 million during the quarter, compared to the consensus estimate of $101.70 million. Gran Tierra Energy had a return on equity of 5.52% and a net margin of 13.43%. On average, equities research analysts forecast that Gran Tierra Energy Inc will post $0.13 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on GTE shares. Scotiabank restated an “outperform” rating and issued a C$6.00 price target on shares of Gran Tierra Energy in a research report on Thursday, May 4th. Credit Suisse Group set a C$4.00 target price on Gran Tierra Energy and gave the stock a “buy” rating in a research report on Thursday, May 4th. TD Securities restated an “action list buy” rating and issued a C$6.50 price objective on shares of Gran Tierra Energy in a report on Friday, May 5th. Finally, Zacks Investment Research downgraded Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$4.91.

In other Gran Tierra Energy news, CFO Ryan Ellson bought 16,000 shares of the stock in a transaction on Friday, May 5th. The shares were purchased at an average cost of C$2.38 per share, with a total value of C$38,080.00. Following the completion of the transaction, the chief financial officer now directly owns 236,030 shares of the company’s stock, valued at approximately C$561,751.40. Also, Director David Paul Smith bought 35,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were acquired at an average cost of C$2.08 per share, for a total transaction of C$72,800.00. Insiders bought 402,950 shares of company stock valued at $977,536 in the last 90 days.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

Institutional Ownership by Quarter for Gran Tierra Energy (TSE:GTE)

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