Connor Clark & Lunn Investment Management Ltd. Sells 347,551 Shares of Gran Tierra Energy Inc. (NYSE:GTE)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in Gran Tierra Energy Inc. (NYSE:GTE) by 90.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,738 shares of the company’s stock after selling 347,551 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.11% of Gran Tierra Energy worth $255,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GTE. Equinox Partners Investment Management LLC lifted its position in shares of Gran Tierra Energy by 63.6% in the fourth quarter. Equinox Partners Investment Management LLC now owns 3,390,114 shares of the company’s stock worth $24,511,000 after buying an additional 1,318,488 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Gran Tierra Energy in the 4th quarter worth approximately $481,000. Perpetual Ltd boosted its position in Gran Tierra Energy by 38.3% during the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company’s stock worth $1,582,000 after purchasing an additional 60,536 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Gran Tierra Energy during the third quarter valued at approximately $200,000. Finally, Victory Capital Management Inc. bought a new position in shares of Gran Tierra Energy in the third quarter valued at approximately $121,000. 31.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gran Tierra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Gran Tierra Energy Trading Down 3.1 %

Shares of NYSE:GTE opened at $4.98 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.19 and a current ratio of 1.31. The stock’s 50-day moving average is $5.63 and its 200-day moving average is $6.22. The company has a market cap of $178.73 million, a P/E ratio of 3.48 and a beta of 1.45. Gran Tierra Energy Inc. has a 52-week low of $4.13 and a 52-week high of $10.40.

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.