Gran Tierra Energy INC (GTE) Holder Gmt Capital Corp Raised Its Position

June 16, 2018 - By Kurt Siggers

Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) Logo

Thomas E. Claugus increased its stake in Gran Tierra Energy Inc (GTE) by 4.46% based on its latest 2018Q1 regulatory filing with the SEC. Gmt Capital Corp bought 2.50M shares as the company’s stock rose 15.99% while stock markets declined. The hedge fund run by Thomas E. Claugus held 58.56M shares of the oil & gas production company at the end of 2018Q1, valued at $162.62M, up from 56.06 million at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Gran Tierra Energy Inc for a number of months, seems to be bullish on the $1.24B market cap company. The stock decreased 5.07% or $0.17 during the last trading session, reaching $3.18. About 1.32 million shares traded. Gran Tierra Energy Inc. (NYSEMKT:GTE) has risen 31.09% since June 16, 2017 and is uptrending. It has outperformed by 18.52% the S&P500.

Gmt Capital Corp, which manages about $9.19B and $4.15 billion US Long portfolio, decreased its stake in Kbr Inc (NYSE:KBR) by 1.03M shares to 1.31 million shares, valued at $21.27 million in 2018Q1, according to the filing. It also reduced its holding in Entegris Inc (NASDAQ:ENTG) by 433,800 shares in the quarter, leaving it with 8.78M shares, and cut its stake in Superior Energy Svcs Inc (NYSE:SPN).

Another recent and important Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) news was published by which published an article titled: “Schroder Investment Management Group Reduces Holdings in Gran Tierra Energy Inc (GTE)” on June 09, 2018.

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