Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Gran Tierra Energy Inc (TSE:GTE) (NYSEMKT:GTE) by 1,810.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 208,723 shares of the company’s stock after acquiring an additional 197,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Gran Tierra Energy worth $476,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. BlueCrest Capital Management Ltd acquired a new stake in shares of Gran Tierra Energy during the second quarter worth about $114,000. Aperio Group LLC lifted its holdings in shares of Gran Tierra Energy by 6.9% during the second quarter. Aperio Group LLC now owns 73,692 shares of the company’s stock worth $165,000 after purchasing an additional 4,769 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Gran Tierra Energy by 39.3% during the second quarter. Bank of Nova Scotia now owns 115,707 shares of the company’s stock worth $257,000 after purchasing an additional 32,656 shares during the period. Virtu KCG Holdings LLC lifted its holdings in shares of Gran Tierra Energy by 3.7% during the second quarter. Virtu KCG Holdings LLC now owns 115,353 shares of the company’s stock worth $258,000 after purchasing an additional 4,063 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in shares of Gran Tierra Energy by 74.6% during the second quarter. Brandes Investment Partners LP now owns 126,553 shares of the company’s stock worth $283,000 after purchasing an additional 54,073 shares during the period.
Shares of Gran Tierra Energy Inc (TSE GTE) traded up C$0.02 during trading hours on Wednesday, reaching C$2.87. The company’s stock had a trading volume of 302,728 shares, compared to its average volume of 711,927. Gran Tierra Energy Inc has a one year low of C$2.41 and a one year high of C$4.18.
A number of research firms recently commented on GTE. Scotiabank reaffirmed an “outperform” rating and set a C$5.50 target price on shares of Gran Tierra Energy in a report on Friday, November 3rd. Eight Capital decreased their target price on Gran Tierra Energy from C$6.50 to C$5.25 in a report on Wednesday, September 27th. Finally, Zacks Investment Research downgraded Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$4.68.
In other Gran Tierra Energy news, Director Brooke N. Wade bought 242,600 shares of Gran Tierra Energy stock in a transaction dated Friday, September 29th. The stock was acquired at an average cost of C$2.31 per share, with a total value of C$560,406.00. Following the purchase, the director now directly owns 242,600 shares in the company, valued at approximately C$560,406. Also, insider Gmt Capital Corp bought 26,300 shares of Gran Tierra Energy stock in a transaction dated Monday, September 11th. The shares were acquired at an average cost of C$2.07 per share, with a total value of C$54,441.00. Insiders acquired 368,900 shares of company stock valued at $825,996 over the last three months.
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About Gran Tierra Energy
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.
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