American Century Companies Inc. Grows Stock Position in Gran Tierra Energy Inc. (NYSE:GTE)

American Century Companies Inc. lifted its stake in Gran Tierra Energy Inc. (NYSE:GTE) by 46.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 726,226 shares of the company’s stock after buying an additional 231,595 shares during the quarter. American Century Companies Inc. owned approximately 2.32% of Gran Tierra Energy worth $7,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTE. Jump Financial LLC grew its stake in shares of Gran Tierra Energy by 18.7% during the 4th quarter. Jump Financial LLC now owns 50,200 shares of the company’s stock worth $283,000 after purchasing an additional 7,900 shares during the period. Sanders Morris Harris LLC purchased a new position in Gran Tierra Energy in the first quarter valued at $85,000. RPO LLC acquired a new position in shares of Gran Tierra Energy in the fourth quarter worth about $77,000. Quadrature Capital Ltd purchased a new stake in shares of Gran Tierra Energy during the 4th quarter worth about $151,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Gran Tierra Energy during the 1st quarter valued at about $203,000. 31.70% of the stock is owned by institutional investors and hedge funds.

Gran Tierra Energy Stock Performance

Shares of NYSE GTE opened at $6.17 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.63 and a current ratio of 0.75. The business has a fifty day moving average of $7.80. The stock has a market cap of $193.32 million, a price-to-earnings ratio of 61.70 and a beta of 1.56. Gran Tierra Energy Inc. has a one year low of $4.72 and a one year high of $10.40.

Gran Tierra Energy (NYSE:GTE) last released its earnings results on Wednesday, July 31st. The company reported $1.16 EPS for the quarter. Gran Tierra Energy had a net margin of 7.68% and a return on equity of 12.60%. The business had revenue of $165.61 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Gran Tierra Energy from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 5th.

Insider Activity

In related news, CEO Gary Guidry bought 15,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of $6.03 per share, for a total transaction of $90,450.00. Following the acquisition, the chief executive officer now directly owns 440,672 shares in the company, valued at $2,657,252.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.45% of the company’s stock.

Gran Tierra Energy Company 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.