Gran Tierra Energy Inc. (NYSE:GTE) Shares Sold by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC trimmed its stake in Gran Tierra Energy Inc. (NYSE:GTE) by 20.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 251,274 shares of the company’s stock after selling 63,149 shares during the period. Gran Tierra Energy makes up approximately 0.4% of RWC Asset Advisors US LLC’s holdings, making the stock its 14th biggest position. RWC Asset Advisors US LLC’s holdings in Gran Tierra Energy were worth $1,850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Gran Tierra Energy in the 4th quarter valued at $481,000. Empowered Funds LLC boosted its holdings in shares of Gran Tierra Energy by 5.1% in the fourth quarter. Empowered Funds LLC now owns 217,552 shares of the company’s stock worth $1,573,000 after buying an additional 10,485 shares during the period. R Squared Ltd acquired a new position in shares of Gran Tierra Energy in the fourth quarter worth about $68,000. Perpetual Ltd increased its position in shares of Gran Tierra Energy by 38.3% in the fourth quarter. Perpetual Ltd now owns 218,788 shares of the company’s stock worth $1,582,000 after acquiring an additional 60,536 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Gran Tierra Energy by 25.6% during the third quarter. Barclays PLC now owns 33,755 shares of the company’s stock valued at $211,000 after acquiring an additional 6,875 shares during the period. 31.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Gran Tierra Energy

In other Gran Tierra Energy news, Director Ronald Royal sold 19,967 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.88, for a total value of $137,372.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.45% of the company’s stock.

Gran Tierra Energy Stock Performance

Shares of GTE stock opened at $5.67 on Monday. The company has a market capitalization of $173.79 million, a price-to-earnings ratio of 3.97 and a beta of 1.49. Gran Tierra Energy Inc. has a 1-year low of $5.23 and a 1-year high of $10.40. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.71. The stock’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $6.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gran Tierra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th.

Gran Tierra Energy 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.