Gran Tierra Energy Inc. (GTE) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC boosted its position in Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) by 51.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 313,554 shares of the company’s stock after buying an additional 106,547 shares during the period. Highbridge Capital Management LLC owned 0.11% of Gran Tierra Energy worth $944,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. Black Maple Capital Management LP purchased a new position in shares of Gran Tierra Energy during the third quarter worth about $1,505,000. Prince Street Capital Management LLC increased its stake in shares of Gran Tierra Energy by 148.2% in the third quarter. Prince Street Capital Management LLC now owns 955,000 shares of the company’s stock valued at $2,860,000 after buying an additional 570,300 shares in the last quarter. Westpac Banking Corp increased its stake in shares of Gran Tierra Energy by 13.5% in the third quarter. Westpac Banking Corp now owns 709,692 shares of the company’s stock valued at $2,136,000 after buying an additional 84,654 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Gran Tierra Energy during the third quarter valued at $374,000. Finally, Wasatch Advisors Inc. increased its stake in shares of Gran Tierra Energy by 13.2% in the third quarter. Wasatch Advisors Inc. now owns 2,332,389 shares of the company’s stock valued at $7,020,000 after buying an additional 272,118 shares in the last quarter.

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

Gran Tierra Energy Inc. (TSE:GTE) traded up 2.98% during mid-day trading on Friday, hitting $3.46. 1,426,401 shares of the stock traded hands. Gran Tierra Energy Inc. has a 12 month low of $2.86 and a 12 month high of $4.44. The stock’s 50 day moving average is $3.60 and its 200-day moving average is $3.79. The company’s market cap is $1.23 billion.

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A number of equities research analysts have recently commented on the company. TD Securities dropped their target price on Gran Tierra Energy from C$7.00 to C$6.50 in a research report on Friday. CSFB upgraded Gran Tierra Energy from a “neutral” rating to an “outperform” rating in a research report on Friday. Credit Suisse Group upgraded Gran Tierra Energy from a “neutral” rating to an “outperform” rating in a research report on Friday. Zacks Investment Research cut Gran Tierra Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 29th. Finally, Scotiabank restated an “outperform” rating and set a C$5.50 target price on shares of Gran Tierra Energy in a research report on Tuesday, November 15th. Thirteen equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$6.64.

In related news, Director David P. Smith bought 30,000 shares of the stock in a transaction on Tuesday, November 29th. The shares were bought at an average cost of C$3.00 per share, for a total transaction of C$90,000.00. Also, VP David Eldon Hardy bought 9,000 shares of the stock in a transaction on Friday, December 23rd. The shares were bought at an average price of C$2.84 per share, for a total transaction of C$25,560.00. Following the completion of the transaction, the vice president now directly owns 24,000 shares of the company’s stock, valued at approximately C$68,160. The disclosure for this purchase can be found here. Insiders have acquired 151,500 shares of company stock worth $446,010 over the last 90 days.

Gran Tierra Energy Company Profile

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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