Hedge Funds Now Own 77.2% Of Gran Tierra Energy Inc. (GTE)

Gran Tierra Energy Inc. (NYSE:GTE) has made a 10.36% comeback from a 12-month low price of $1.93. It was seen -5.75% lower, changing the price to $2.13, when the closing bell rang on 12/06/2017. At recent session, the prices were hovering between $2.13 and $2.25. This company shares are 56.34% off its target price of $3.33 and the current market capitalization stands at $790.57M. The recent change has given its price a -1.7% deficit over SMA 50 and -31.73% deficit over its 52-week high. The stock witnessed -6.99% declines, 0.47% gains and -5.33% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GTE’s volatility during a week at 4.39% and during a month it has been found around 3.23%.

Gran Tierra Energy Inc. (GTE) Top Holders

Institutional investors currently hold around $616 million or 77.2% in GTE stock. Look at its top three institutional owners. Gmt Capital Corp owns $115.34 million in Gran Tierra Energy Inc., which represents roughly 14.59% of the company’s market cap and approximately 18.72% of the institutional ownership. Similar statistics are true for the second largest owner, Luminus Management Llc, which owns 20,874,895 shares of the stock are valued at $47.18 million. The third largest holder is Franklin Resources Inc, which currently holds $36.8 million worth of this stock and that ownership represents nearly 4.65% of its market capitalization.

Gran Tierra Energy Inc. 13F Filings

At the end of 09/30/2017 reporting period, 48 institutional holders increased their position in Gran Tierra Energy Inc. (NYSE:GTE) by some 13,664,346 shares, 58 decreased positions by 23,561,618 and 38 held positions by 235,219,558. That puts total institutional holdings at 272,445,522 shares, according to SEC filings. The stock grabbed 5 new institutional investments totaling 542,028 shares while 16 institutional investors sold out their entire positions totaling 3,071,011 shares.

Gran Tierra Energy Inc. (NYSE:GTE) Insider Trades

Multiple company employees have indulged in significant insider trading. Gran Tierra Energy Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Wade Brooke N. has sold 242,600 shares of Gran Tierra Energy Inc. (GTE) in trading session dated Sep. 29, 2017. These shares are worth $555,554 and were traded at $2.29 each. The SEC filing shows that Wade Brooke N. performed a purchase of 242,600 shares. The Director added these shares by way of transaction on Sep. 29, 2017. The company’s shares were assimilated at $2.31 per share worth to an investment of some $560,406 on account of Wade Brooke N..

Director, Smith David P, purchased 57,500 common shares of Gran Tierra Energy Inc. (GTE) in the open market. In a transaction dated Jun. 21, 2017, the shares were bought at an average price of $2.08, giving away a sum of $119,600. After this purchase, 187,500 common shares of GTE are directly owned by the insider, with total stake valued at $399,375.

In the transaction dated May. 05, 2017, the great number of shares acquired came courtesy the President and CEO; Guidry Gary added a total of 45,000 shares at an average price of $2.39, amounting to approximately $107,550. The insider now directly owns 2,527,000 shares worth $5,382,510.

Gran Tierra Energy Inc. (GTE) Analyst Guide

Several analysts have released their opinion on Gran Tierra Energy Inc. (NYSE:GTE), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.8 average brokerage recommendation.

Previous articleInstitutional investors now have $164 million stake in NewLink Genetics Corporation (NLNK)
Next article0% Of NOW Inc. (DNOW) Is Owned By Hedge Funds