Citigroup Inc. purchased a new position in shares of Garrett Motion Inc. (NASDAQ:GTXAP – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 433,728 shares of the company’s stock, valued at approximately $3,773,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GTXAP. EVR Research LP boosted its holdings in shares of Garrett Motion by 1.2% during the 3rd quarter. EVR Research LP now owns 304,000 shares of the company’s stock worth $2,161,000 after buying an additional 3,548 shares in the last quarter. KCS Wealth Advisory lifted its position in shares of Garrett Motion by 19.1% during the 4th quarter. KCS Wealth Advisory now owns 291,999 shares of the company’s stock valued at $2,540,000 after acquiring an additional 46,924 shares during the period. Finally, Aviance Capital Partners LLC bought a new position in Garrett Motion during the fourth quarter worth $87,000.
Garrett Motion Stock Down 1.8 %
GTXAP opened at $8.92 on Monday. The firm has a fifty day moving average of $8.80. Garrett Motion Inc. has a 1-year low of $7.00 and a 1-year high of $9.56.
Garrett Motion Dividend Announcement
Insider Buying and Selling at Garrett Motion
In related news, major shareholder Cyrus Capital Partners, L.P. sold 110,104 shares of Garrett Motion stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $8.17, for a total transaction of $899,549.68. Following the transaction, the insider now owns 9,946,538 shares of the company’s stock, valued at $81,263,215.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
About Garrett Motion
Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions.
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