Gran Tierra Energy Inc. (NYSE:GTE) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTE) by 20.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 382,289 shares of the company’s stock after selling 95,453 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.25% of Gran Tierra Energy worth $2,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Equinox Partners Investment Management LLC boosted its position in shares of Gran Tierra Energy by 159.0% in the third quarter. Equinox Partners Investment Management LLC now owns 2,071,626 shares of the company’s stock worth $12,989,000 after buying an additional 1,271,680 shares during the period. Renaissance Technologies LLC grew its position in Gran Tierra Energy by 2.6% in the second quarter. Renaissance Technologies LLC now owns 780,180 shares of the company’s stock valued at $7,544,000 after acquiring an additional 20,100 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Gran Tierra Energy by 46.8% during the second quarter. American Century Companies Inc. now owns 726,226 shares of the company’s stock valued at $7,023,000 after purchasing an additional 231,595 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of Gran Tierra Energy by 204.7% during the second quarter. Main Street Financial Solutions LLC now owns 450,403 shares of the company’s stock worth $4,355,000 after purchasing an additional 302,583 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Gran Tierra Energy by 39.3% in the third quarter. Empowered Funds LLC now owns 207,067 shares of the company’s stock valued at $1,298,000 after purchasing an additional 58,438 shares during the period. 31.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Ryan Ellson purchased 12,000 shares of the stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of $6.29 per share, for a total transaction of $75,480.00. Following the acquisition, the chief financial officer now owns 94,666 shares of the company’s stock, valued at $595,449.14. The trade was a 14.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary Guidry acquired 40,000 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of $6.11 per share, for a total transaction of $244,400.00. Following the purchase, the chief executive officer now owns 525,672 shares of the company’s stock, valued at $3,211,855.92. This trade represents a 8.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 67,000 shares of company stock worth $410,330. Insiders own 6.45% of the company’s stock.

Gran Tierra Energy Price Performance

GTE stock opened at $6.37 on Monday. The stock’s 50 day moving average is $6.33 and its two-hundred day moving average is $7.93. Gran Tierra Energy Inc. has a 52-week low of $4.72 and a 52-week high of $10.40. The company has a market capitalization of $195.25 million, a PE ratio of 4.45 and a beta of 1.56. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Gran Tierra Energy from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

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.