Ingalls & Snyder LLC Invests $75,000 in Gran Tierra Energy Inc. (NYSEAMERICAN:GTE)

Ingalls & Snyder LLC bought a new position in shares of Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,353 shares of the company’s stock, valued at approximately $75,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GTE. Dimensional Fund Advisors LP acquired a new position in Gran Tierra Energy in the first quarter worth about $25,000. Cetera Advisors LLC acquired a new position in Gran Tierra Energy in the fourth quarter worth about $33,000. UBS Group AG grew its stake in Gran Tierra Energy by 264.3% in the second quarter. UBS Group AG now owns 30,377 shares of the company’s stock worth $35,000 after purchasing an additional 22,039 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Gran Tierra Energy in the fourth quarter worth about $39,000. Finally, Commonwealth Equity Services LLC grew its stake in Gran Tierra Energy by 32.7% in the first quarter. Commonwealth Equity Services LLC now owns 47,889 shares of the company’s stock worth $42,000 after purchasing an additional 11,796 shares in the last quarter. 31.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on Gran Tierra Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 13th. TheStreet downgraded Gran Tierra Energy from a “c-” rating to a “d” rating in a research note on Wednesday, March 6th. Finally, StockNews.com upgraded Gran Tierra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th.

Gran Tierra Energy Trading Down 1.1 %

Shares of GTE stock opened at $8.09 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.43 and a debt-to-equity ratio of 1.31. Gran Tierra Energy Inc. has a 52 week low of $4.62 and a 52 week high of $9.49.

Gran Tierra Energy (NYSEAMERICAN:GTE) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.33. The business had revenue of $154.94 million during the quarter. Gran Tierra Energy had a negative return on equity of 1.60% and a negative net margin of 0.99%.

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.