300,000 Shares in Garrett Motion Inc. (NYSE:GTX) Acquired by SW Investment Management LLC

SW Investment Management LLC purchased a new stake in shares of Garrett Motion Inc. (NYSE:GTXFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 300,000 shares of the company’s stock, valued at approximately $2,364,000. Garrett Motion accounts for approximately 1.1% of SW Investment Management LLC’s portfolio, making the stock its 10th biggest holding. SW Investment Management LLC owned about 0.12% of Garrett Motion as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of GTX. Stifel Financial Corp lifted its holdings in Garrett Motion by 2.5% in the second quarter. Stifel Financial Corp now owns 52,365 shares of the company’s stock worth $396,000 after purchasing an additional 1,287 shares during the period. UBS Group AG lifted its holdings in Garrett Motion by 11.9% in the third quarter. UBS Group AG now owns 13,458 shares of the company’s stock worth $76,000 after purchasing an additional 1,436 shares during the period. Baker Ellis Asset Management LLC lifted its holdings in Garrett Motion by 0.8% in the second quarter. Baker Ellis Asset Management LLC now owns 294,796 shares of the company’s stock worth $2,232,000 after purchasing an additional 2,370 shares during the period. XTX Topco Ltd lifted its holdings in Garrett Motion by 8.4% in the first quarter. XTX Topco Ltd now owns 33,326 shares of the company’s stock worth $255,000 after purchasing an additional 2,575 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Garrett Motion by 4.6% in the 1st quarter. Bank of Montreal Can now owns 60,144 shares of the company’s stock valued at $441,000 after acquiring an additional 2,651 shares during the last quarter.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 29,860 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $9.20, for a total transaction of $274,712.00. Following the sale, the insider now owns 29,527,284 shares in the company, valued at approximately $271,651,012.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 29,860 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $9.20, for a total transaction of $274,712.00. Following the sale, the insider now owns 29,527,284 shares in the company, valued at approximately $271,651,012.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Special Credit Pa Centerbridge sold 1,014,651 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $8.29, for a total value of $8,411,456.79. Following the sale, the insider now owns 11,287,784 shares in the company, valued at approximately $93,575,729.36. The disclosure for this sale can be found here. In the last three months, insiders sold 1,944,511 shares of company stock valued at $16,324,169. 37.08% of the stock is owned by insiders.

Garrett Motion Stock Performance

NYSE GTX traded up $0.01 on Wednesday, reaching $9.44. The company’s stock had a trading volume of 1,022,869 shares, compared to its average volume of 1,054,772. Garrett Motion Inc. has a twelve month low of $6.43 and a twelve month high of $9.77. The stock has a market cap of $2.25 billion, a PE ratio of -7.26 and a beta of 1.29. The firm’s 50 day moving average is $9.00 and its two-hundred day moving average is $8.12.

Garrett Motion (NYSE:GTXGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Garrett Motion had a net margin of 6.72% and a negative return on equity of 49.01%. The company had revenue of $945.00 million during the quarter, compared to the consensus estimate of $949.00 million. Equities research analysts anticipate that Garrett Motion Inc. will post 1.09 EPS for the current fiscal year.

About Garrett Motion

(Free Report)

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.

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Institutional Ownership by Quarter for Garrett Motion (NYSE:GTX)

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