Sanders Morris Harris LLC Purchases New Shares in Gran Tierra Energy Inc. (NYSEAMERICAN:GTE)

Sanders Morris Harris LLC acquired a new stake in shares of Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 124,667 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GTE. WINTON GROUP Ltd lifted its position in shares of Gran Tierra Energy by 102.7% in the 2nd quarter. WINTON GROUP Ltd now owns 1,638,354 shares of the company’s stock worth $567,000 after buying an additional 830,274 shares during the last quarter. AJO LP lifted its position in shares of Gran Tierra Energy by 8.1% in the 2nd quarter. AJO LP now owns 1,053,624 shares of the company’s stock worth $364,000 after buying an additional 79,134 shares during the last quarter. Bridgeway Capital Management Inc. increased its holdings in shares of Gran Tierra Energy by 89.6% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 2,975,400 shares of the company’s stock worth $1,030,000 after acquiring an additional 1,406,500 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Gran Tierra Energy by 14.2% in the 1st quarter. Two Sigma Advisers LP now owns 374,528 shares of the company’s stock worth $94,000 after acquiring an additional 46,600 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of Gran Tierra Energy by 25.0% in the 1st quarter. Two Sigma Investments LP now owns 447,141 shares of the company’s stock worth $112,000 after acquiring an additional 89,499 shares during the period.

In related news, major shareholder Gmt Capital Corp sold 334,000 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $0.22, for a total transaction of $73,480.00. Following the transaction, the insider now owns 82,591,479 shares of the company’s stock, valued at $18,170,125.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 6,087,251 shares of company stock worth $1,370,574 in the last ninety days.

Shares of NYSEAMERICAN:GTE remained flat at $$0.22 during trading on Friday. 1,489,904 shares of the stock were exchanged, compared to its average volume of 3,814,864. Gran Tierra Energy Inc. has a 12 month low of $0.18 and a 12 month high of $1.38.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.14. The firm had revenue of $33.82 million during the quarter, compared to the consensus estimate of $129.50 million.

Several equities analysts have commented on GTE shares. Zacks Investment Research raised shares of Gran Tierra Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Peel Hunt raised shares of Gran Tierra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $0.60 target price on shares of Gran Tierra Energy in a research note on Thursday, August 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1.26.

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. As of December 31, 2019, it had total proved undeveloped reserves of 31.0 million barrels of oil equivalent in Colombia. The company was founded in 2003 and is headquartered in Calgary, Canada.

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

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