Garrett Motion Inc. (NYSE:GTX) Major Shareholder Sells $1,350,000.00 in Stock

Garrett Motion Inc. (NYSE:GTX) major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of Garrett Motion stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $9.00, for a total value of $1,350,000.00. Following the sale, the insider now directly owns 25,434,957 shares in the company, valued at $228,914,613. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Cyrus Capital Partners, L.P. also recently made the following trade(s):

• On Monday, April 14th, Cyrus Capital Partners, L.P. sold 1,502,441 shares of Garrett Motion stock. The shares were sold at an average price of $9.05, for a total transaction of $13,597,091.05.

Garrett Motion Trading Up 0.6 %

Shares of GTX stock opened at $9.00 on Friday. The stock has a market capitalization of $1.84 billion, a price-to-earnings 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 stock’s 50-day moving average price is $8.95 and its 200-day moving average price is $8.74.

Institutional Trading of Garrett Motion

A number of large investors have recently added to or reduced their stakes in GTX. HighTower Advisors LLC grew its holdings in shares of Garrett Motion by 85.4% in the third quarter. HighTower Advisors LLC now owns 27,221 shares of the company’s stock valued at $217,000 after purchasing an additional 12,542 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Garrett Motion in the 3rd quarter worth about $132,000. Barclays PLC raised its position in shares of Garrett Motion by 85.2% during the 3rd quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after buying an additional 136,600 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Garrett Motion by 32.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company’s stock worth $1,755,000 after acquiring an additional 47,126 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Garrett Motion by 20,649.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 63,493 shares of the company’s stock worth $573,000 after acquiring an additional 63,187 shares during the last quarter. Institutional investors own 86.27% of the company’s stock.

Wall Street Analyst Weigh In

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

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.