GABELLI & Co INVESTMENT ADVISERS INC. Has $1.77 Million Position in Garrett Motion Inc. (NYSE:GTX)

GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 23.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,400 shares of the company's stock after purchasing an additional 36,850 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.09% of Garrett Motion worth $1,773,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company's stock worth $2,430,000 after buying an additional 136,600 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. bought a new position in shares of Garrett Motion in the 4th quarter valued at about $15,442,000. Raymond James Financial Inc. acquired a new position in shares of Garrett Motion during the 4th quarter worth about $326,000. Assenagon Asset Management S.A. raised its holdings in shares of Garrett Motion by 32.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company's stock valued at $1,755,000 after purchasing an additional 47,126 shares during the period. Finally, VELA Investment Management LLC acquired a new stake in Garrett Motion in the 4th quarter valued at about $883,000. Institutional investors own 86.27% of the company's stock.

Garrett Motion Stock Up 0.6 %

Shares of GTX stock traded up $0.06 during trading on Friday, reaching $9.00. 1,904,858 shares of the company's stock were exchanged, compared to its average volume of 1,016,943. Garrett Motion Inc. has a twelve month low of $7.02 and a twelve month high of $10.39. The firm's fifty day moving average price is $8.94 and its 200-day moving average price is $8.75. The stock has a market capitalization of $1.83 billion, a PE ratio of 7.08 and a beta of 0.67.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Garrett Motion 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.