Quantbot Technologies LP Makes New $35,000 Investment in Gran Tierra Energy Inc. (NYSE:GTE)

Quantbot Technologies LP purchased a new stake in Gran Tierra Energy Inc. (NYSE:GTE) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 4,868 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors also recently made changes to their positions in the business. Private Trust Co. NA purchased a new position in shares of Gran Tierra Energy in the 4th quarter worth about $51,000. Equinox Partners Investment Management LLC increased its position in Gran Tierra Energy by 63.6% during the 4th quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock worth $24,511,000 after purchasing an additional 1,318,488 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Gran Tierra Energy in the fourth quarter valued at approximately $481,000. Empowered Funds LLC raised its holdings in Gran Tierra Energy by 5.1% in the fourth quarter. Empowered Funds LLC now owns 217,552 shares of the company’s stock valued at $1,573,000 after buying an additional 10,485 shares during the period. Finally, R Squared Ltd acquired a new position in Gran Tierra Energy during the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 31.70% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Gran Tierra Energy Trading Up 1.0 %

GTE opened at $4.98 on Wednesday. The firm’s 50 day moving average is $5.28 and its 200-day moving average is $6.17. Gran Tierra Energy Inc. has a 52-week low of $4.13 and a 52-week high of $10.40. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $178.73 million, a P/E ratio of 3.48 and a beta of 1.45.

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.