AQR Capital Management LLC Sells 59,723 Shares of Gran Tierra Energy Inc (NYSEAMERICAN:GTE)

AQR Capital Management LLC lessened its stake in Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 26.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,293 shares of the company’s stock after selling 59,723 shares during the period. AQR Capital Management LLC’s holdings in Gran Tierra Energy were worth $269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTE. Wells Fargo & Company MN lifted its stake in shares of Gran Tierra Energy by 237.1% in the 2nd quarter. Wells Fargo & Company MN now owns 23,115 shares of the company’s stock valued at $37,000 after acquiring an additional 16,257 shares during the last quarter. A.R.T. Advisors LLC lifted its stake in shares of Gran Tierra Energy by 43.3% in the 2nd quarter. A.R.T. Advisors LLC now owns 37,406 shares of the company’s stock valued at $59,000 after acquiring an additional 11,300 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Gran Tierra Energy by 17.8% in the 2nd quarter. Mackenzie Financial Corp now owns 56,300 shares of the company’s stock valued at $90,000 after acquiring an additional 8,500 shares during the last quarter. RWC Asset Management LLP bought a new stake in shares of Gran Tierra Energy in the 2nd quarter valued at about $109,000. Finally, Bank of Nova Scotia lifted its stake in shares of Gran Tierra Energy by 54.7% in the 2nd quarter. Bank of Nova Scotia now owns 108,133 shares of the company’s stock valued at $178,000 after acquiring an additional 38,253 shares during the last quarter.

In other news, major shareholder Gmt Capital Corp bought 440,800 shares of Gran Tierra Energy stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $1.34 per share, for a total transaction of $590,672.00. Following the acquisition, the insider now owns 76,361,486 shares of the company’s stock, valued at $102,324,391.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brooke N. Wade bought 185,000 shares of Gran Tierra Energy stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $1.44 per share, for a total transaction of $266,400.00. Following the acquisition, the director now directly owns 260,200 shares in the company, valued at approximately $374,688. The disclosure for this purchase can be found here. Insiders have acquired a total of 830,800 shares of company stock valued at $1,119,472 in the last ninety days.



GTE opened at $1.15 on Friday. Gran Tierra Energy Inc has a one year low of $1.03 and a one year high of $3.63.

Gran Tierra Energy (NYSEAMERICAN:GTE) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $157.99 million for the quarter.

GTE has been the subject of a number of recent research reports. Zacks Investment Research lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. Scotiabank started coverage on Gran Tierra Energy in a research report on Thursday. They set a “sector perform” rating for the company. National Bank Financial started coverage on Gran Tierra Energy in a research report on Friday. They set a “sector perform” rating for the company. BMO Capital Markets reaffirmed a “buy” rating on shares of Gran Tierra Energy in a research report on Wednesday, June 26th. Finally, Canaccord Genuity set a $4.00 price target on Gran Tierra Energy and gave the company a “buy” rating in a research report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Gran Tierra Energy has an average rating of “Buy” and a consensus price target of $3.67.

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. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated 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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