California Public Employees Retirement System Buys 340,819 Shares of Gran Tierra Energy Inc (GTE)

California Public Employees Retirement System grew its stake in Gran Tierra Energy Inc (NYSEAMERICAN:GTE) by 17.8% during the 4th quarter, HoldingsChannel reports. The firm owned 2,253,866 shares of the company’s stock after buying an additional 340,819 shares during the quarter. California Public Employees Retirement System’s holdings in Gran Tierra Energy were worth $6,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its position in shares of Gran Tierra Energy by 6.6% during the 4th quarter. River Road Asset Management LLC now owns 1,489,003 shares of the company’s stock valued at $4,020,000 after buying an additional 91,710 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Gran Tierra Energy by 291.3% during the 4th quarter. Teacher Retirement System of Texas now owns 130,201 shares of the company’s stock valued at $352,000 after buying an additional 96,931 shares in the last quarter. CIBC World Markets Inc. lifted its position in shares of Gran Tierra Energy by 32.3% during the 4th quarter. CIBC World Markets Inc. now owns 87,434 shares of the company’s stock valued at $236,000 after buying an additional 21,350 shares in the last quarter. Foundry Partners LLC lifted its position in shares of Gran Tierra Energy by 3.3% during the 4th quarter. Foundry Partners LLC now owns 1,738,316 shares of the company’s stock valued at $4,693,000 after buying an additional 55,410 shares in the last quarter. Finally, Wasatch Advisors Inc. lifted its position in shares of Gran Tierra Energy by 14.7% during the 4th quarter. Wasatch Advisors Inc. now owns 3,290,293 shares of the company’s stock valued at $8,884,000 after buying an additional 420,776 shares in the last quarter.

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In other news, VP Rodger Derrick Trimble acquired 15,200 shares of Gran Tierra Energy stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $2.54 per share, with a total value of $38,608.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brooke N. Wade acquired 150,000 shares of Gran Tierra Energy stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average cost of $2.56 per share, with a total value of $384,000.00. Following the completion of the purchase, the director now owns 242,600 shares in the company, valued at approximately $621,056. The disclosure for this purchase can be found here. Insiders have bought a total of 173,080 shares of company stock worth $442,544 in the last quarter.

Gran Tierra Energy Inc (GTE) opened at $2.50 on Friday. Gran Tierra Energy Inc has a 52-week low of $1.93 and a 52-week high of $3.00. The stock has a market capitalization of $993.91, a P/E ratio of -31.25 and a beta of 0.68.

Gran Tierra Energy declared that its board has approved a stock buyback plan on Wednesday, March 7th that permits the company to repurchase 500% of shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

GTE has been the topic of a number of recent analyst reports. BidaskClub lowered Gran Tierra Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Zacks Investment Research lowered Gran Tierra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 2nd. Finally, TheStreet upgraded Gran Tierra Energy from a “d+” rating to a “c” rating in a research report on Tuesday, January 2nd.

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About Gran Tierra Energy

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

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