Mackenzie Financial Corp Cuts Position in Gran Tierra Energy Inc (GTE)

Mackenzie Financial Corp lowered its position in shares of Gran Tierra Energy Inc (TSE:GTE) (AMEX:GTE) by 58.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 44,431 shares of the company’s stock after selling 63,400 shares during the period. Mackenzie Financial Corp’s holdings in Gran Tierra Energy were worth $117,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Foundry Partners LLC boosted its position in shares of Gran Tierra Energy by 14.5% in the first quarter. Foundry Partners LLC now owns 1,442,051 shares of the company’s stock worth $3,807,000 after buying an additional 183,006 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Gran Tierra Energy by 5.6% in the fourth quarter. Highbridge Capital Management LLC now owns 330,997 shares of the company’s stock worth $1,000,000 after buying an additional 17,443 shares during the period. Norges Bank bought a new position in shares of Gran Tierra Energy during the fourth quarter worth approximately $6,835,000. WFG Advisors LP boosted its position in shares of Gran Tierra Energy by 34.5% in the fourth quarter. WFG Advisors LP now owns 2,589 shares of the company’s stock worth $150,000 after buying an additional 664 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Gran Tierra Energy by 42.7% in the fourth quarter. AQR Capital Management LLC now owns 229,029 shares of the company’s stock worth $692,000 after buying an additional 68,577 shares during the period.

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

Shares of Gran Tierra Energy Inc (TSE:GTE) opened at 2.87 on Friday. The company’s 50 day moving average price is $3.23 and its 200 day moving average price is $3.48. The company’s market capitalization is $1.15 billion. Gran Tierra Energy Inc has a 52-week low of $2.72 and a 52-week high of $4.42.

Gran Tierra Energy (TSE:GTE) (AMEX:GTE) last released its quarterly earnings data on Wednesday, May 3rd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.51) by $0.54. The company had revenue of $94.66 million for the quarter, compared to the consensus estimate of $101.70 million. Gran Tierra Energy had a return on equity of 5.52% and a net margin of 13.43%. On average, analysts predict that Gran Tierra Energy Inc will post $0.14 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. Cormark assumed coverage on Gran Tierra Energy in a research report on Monday, March 20th. They issued a “buy” rating on the stock. Credit Suisse Group set a C$4.00 price objective on Gran Tierra Energy and gave the stock a “buy” rating in a research report on Saturday, March 4th. Scotiabank reiterated an “outperform” rating and issued a C$6.00 price objective on shares of Gran Tierra Energy in a research report on Thursday, March 2nd. Canaccord Genuity reiterated a “buy” rating and issued a C$5.30 price objective on shares of Gran Tierra Energy in a research report on Thursday, March 2nd. Finally, TD Securities reiterated an “action list buy” rating and issued a C$6.50 price objective on shares of Gran Tierra Energy in a research report on Friday, March 3rd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Gran Tierra Energy currently has a consensus rating of “Buy” and a consensus target price of C$5.03.

In related news, insider Rodger Derrick Trimble bought 15,150 shares of the company’s stock in a transaction on Friday, May 5th. The shares were acquired at an average price of C$2.40 per share, with a total value of C$36,360.00. Also, Director David Paul Smith bought 35,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average cost of C$2.08 per share, for a total transaction of C$72,800.00. Insiders have acquired a total of 439,150 shares of company stock worth $1,068,370 over the last 90 days.

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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