Exchange Traded Concepts LLC Cuts Stake in Gran Tierra Energy Inc. (NYSE:GTE)

Exchange Traded Concepts LLC cut its holdings in shares of Gran Tierra Energy Inc. (NYSE:GTEFree Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,213 shares of the company’s stock after selling 4,199 shares during the quarter. Exchange Traded Concepts LLC owned 0.14% of Gran Tierra Energy worth $320,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP bought a new stake in Gran Tierra Energy during the 3rd quarter valued at $52,000. Centiva Capital LP bought a new position in shares of Gran Tierra Energy during the third quarter valued at about $73,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Gran Tierra Energy during the third quarter worth about $89,000. Victory Capital Management Inc. bought a new stake in shares of Gran Tierra Energy in the third quarter worth about $121,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Gran Tierra Energy during the 3rd quarter valued at approximately $200,000. 31.70% of the stock is currently owned by institutional investors.

Gran Tierra Energy Price Performance

Shares of GTE opened at $5.73 on Friday. The firm’s 50-day simple moving average is $6.88 and its two-hundred day simple moving average is $7.06. Gran Tierra Energy Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $10.40. The stock has a market cap of $175.62 million, a PE ratio of 4.01 and a beta of 1.53. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 20th.

View Our Latest Research Report on Gran Tierra Energy

Insider Transactions at Gran Tierra Energy

In related news, Director Ronald Royal sold 19,967 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $6.88, for a total transaction of $137,372.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.45% of the company’s stock.

About Gran Tierra Energy

(Free Report)

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.

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

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