Geode Capital Management LLC Has $14.02 Million Position in Garrett Motion Inc. (NYSE:GTX)

Geode Capital Management LLC cut its position in shares of Garrett Motion Inc. (NYSE:GTX) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,552,027 shares of the company’s stock after selling 47,376 shares during the period. Geode Capital Management LLC owned 0.73% of Garrett Motion worth $14,021,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royce & Associates LP increased its position in Garrett Motion by 25.6% during the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock worth $18,712,000 after buying an additional 422,955 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new stake in Garrett Motion in the 4th quarter valued at $15,442,000. Loomis Sayles & Co. L P lifted its holdings in Garrett Motion by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,579,376 shares of the company’s stock valued at $14,262,000 after purchasing an additional 159,891 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Garrett Motion by 15.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,483,442 shares of the company’s stock worth $13,395,000 after purchasing an additional 199,679 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Garrett Motion by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,235,531 shares of the company’s stock valued at $11,157,000 after purchasing an additional 9,681 shares during the last quarter. 86.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Garrett Motion in a research note on Friday, April 4th.

Garrett Motion Stock Up 0.6 %

Shares of NYSE:GTX opened at $9.00 on Monday. The stock has a market cap of $1.83 billion, a PE ratio of 7.08 and a beta of 0.67. Garrett Motion Inc. has a 12-month low of $7.02 and a 12-month high of $10.39. The business has a 50 day moving average of $8.94 and a 200-day moving average of $8.76.

Insider Activity at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $9.96, for a total value of $3,479,535.96. Following the completion of the sale, the insider now owns 10,098,173 shares of the company’s stock, valued at $100,577,803.08. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Cyrus Capital Partners, L.P. sold 1,502,441 shares of Garrett Motion stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $9.05, for a total transaction of $13,597,091.05. Following the completion of the sale, the insider now owns 25,834,957 shares of the company’s stock, valued at approximately $233,806,360.85. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,109,853 shares of company stock worth $28,920,153 in the last ninety days. 0.60% of the stock is owned by company insiders.

Garrett Motion Company Profile

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.