California Public Employees Retirement System decreased its stake in Gran Tierra Energy Inc. (TSE:GTE) (AMEX:GTE) by 6.4% during the third quarter, Holdings Channel reports. The firm owned 1,266,500 shares of the company’s stock after selling 86,800 shares during the period. California Public Employees Retirement System’s holdings in Gran Tierra Energy were worth $3,812,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roanoke Asset Management Corp NY bought a new position in Gran Tierra Energy during the second quarter worth about $101,000. Capstone Investment Advisors LLC raised its position in Gran Tierra Energy by 8.5% in the second quarter. Capstone Investment Advisors LLC now owns 36,251 shares of the company’s stock worth $122,000 after buying an additional 2,851 shares during the last quarter. Hsbc Holdings PLC raised its position in Gran Tierra Energy by 10.6% in the second quarter. Hsbc Holdings PLC now owns 41,489 shares of the company’s stock worth $140,000 after buying an additional 3,971 shares during the last quarter. Teacher Retirement System of Texas raised its position in Gran Tierra Energy by 20.3% in the second quarter. Teacher Retirement System of Texas now owns 41,554 shares of the company’s stock worth $140,000 after buying an additional 7,023 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new position in Gran Tierra Energy during the second quarter worth about $155,000.

Institutional Ownership by Quarter for Gran Tierra Energy (TSE:GTE)

Gran Tierra Energy Inc. (TSE:GTE) traded up 10.03% during trading on Wednesday, reaching $3.84. The company had a trading volume of 5,719,682 shares. Gran Tierra Energy Inc. has a 52-week low of $2.56 and a 52-week high of $4.44. The stock’s market cap is $1.37 billion. The company has a 50-day moving average price of $4.01 and a 200 day moving average price of $3.88.

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A number of research firms recently weighed in on GTE. TD Securities restated an “action list buy” rating and issued a C$5.50 price target on shares of Gran Tierra Energy in a research note on Tuesday, September 27th. Scotiabank restated an “outperform” rating and issued a C$5.25 price target on shares of Gran Tierra Energy in a research note on Tuesday, August 9th. Citigroup Inc. upgraded Gran Tierra Energy from a “neutral” rating to a “buy” rating in a research note on Friday, November 4th. Canaccord Genuity restated a “buy” rating on shares of Gran Tierra Energy in a research note on Wednesday, September 14th. Finally, FirstEnergy Capital restated an “outperform” rating on shares of Gran Tierra Energy in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$6.62.

In other news, Director David P. Smith purchased 30,000 shares of the stock in a transaction dated Tuesday, November 29th. The shares were bought at an average cost of C$3.00 per share, for a total transaction of C$90,000.00. Also, VP Lawrence West purchased 25,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average price of C$3.05 per share, for a total transaction of C$76,250.00. Following the completion of the transaction, the vice president now owns 228,830 shares in the company, valued at approximately C$697,931.50. The disclosure for this purchase can be found here.

Gran Tierra Energy Company Profile

Gran Tierra Energy Inc is an energy company engaged in oil and gas acquisition, exploration, development and production. The Company focuses on onshore oil and gas properties in Colombia, and also own rights to oil and gas properties in Brazil and Peru. Its segments are Colombia, Peru and Brazil based on geographic organization.

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