Squarepoint Ops LLC Cuts Stake in Gran Tierra Energy Inc (GTE)
Squarepoint Ops LLC cut its position in Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 123,600 shares of the company’s stock after selling 26,680 shares during the period. Squarepoint Ops LLC’s holdings in Gran Tierra Energy were worth $268,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in GTE. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Gran Tierra Energy in the fourth quarter worth about $41,000. WINTON GROUP Ltd boosted its stake in shares of Gran Tierra Energy by 219.4% in the fourth quarter. WINTON GROUP Ltd now owns 34,246 shares of the company’s stock worth $74,000 after buying an additional 23,524 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Gran Tierra Energy by 45.3% in the fourth quarter. United Services Automobile Association now owns 58,146 shares of the company’s stock worth $126,000 after buying an additional 18,137 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Gran Tierra Energy by 319.4% in the third quarter. Tower Research Capital LLC TRC now owns 35,929 shares of the company’s stock worth $138,000 after buying an additional 27,362 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Gran Tierra Energy by 182.8% in the third quarter. Jane Street Group LLC now owns 43,544 shares of the company’s stock worth $166,000 after buying an additional 28,144 shares during the last quarter.
A number of brokerages have recently commented on GTE. Zacks Investment Research downgraded Gran Tierra Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. GMP Securities downgraded Gran Tierra Energy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.
Gran Tierra Energy (NYSEAMERICAN:GTE) last issued its quarterly earnings results on Wednesday, February 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). The business had revenue of $136.60 million during the quarter, compared to the consensus estimate of $154.40 million. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) EPS.
In other Gran Tierra Energy news, VP Rodger Derrick Trimble purchased 16,800 shares of the stock in a transaction on Friday, March 1st. The shares were bought at an average price of $2.34 per share, for a total transaction of $39,312.00. Following the completion of the transaction, the vice president now owns 84,650 shares of the company’s stock, valued at approximately $198,081. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gmt Capital Corp purchased 337,400 shares of the stock in a transaction on Thursday, April 11th. The shares were acquired at an average price of $2.46 per share, for a total transaction of $830,004.00. Following the transaction, the insider now directly owns 74,557,386 shares of the company’s stock, valued at approximately $183,411,169.56. The disclosure for this purchase can be found here. Insiders have acquired 9,171,432 shares of company stock worth $21,830,620 in the last quarter.
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. As of December 31, 2018, the company had total proved undeveloped reserves of 17.3 million barrels of oil equivalent. Gran Tierra Energy Inc was incorporated in 2003 and is headquartered in Calgary, Canada.
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