Garrett Motion Inc. (NYSE:GTX) Stock Holdings Raised by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its position in Garrett Motion Inc. (NYSE:GTX - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,163,439 shares of the company's stock after acquiring an additional 130,873 shares during the period. Gamco Investors INC. ET AL owned approximately 1.01% of Garrett Motion worth $19,536,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTX. Savant Capital LLC purchased a new stake in shares of Garrett Motion in the fourth quarter valued at about $96,000. XTX Topco Ltd acquired a new stake in shares of Garrett Motion during the 3rd quarter worth $132,000. KLP Kapitalforvaltning AS purchased a new position in shares of Garrett Motion in the 4th quarter worth about $133,000. Pacific Global Investment Management Co. acquired a new position in shares of Garrett Motion in the 4th quarter valued at about $150,000. Finally, Mariner LLC grew its holdings in shares of Garrett Motion by 35.6% during the 4th quarter. Mariner LLC now owns 19,434 shares of the company's stock worth $175,000 after purchasing an additional 5,107 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

Garrett Motion Stock Performance

Garrett Motion stock traded down $0.09 during trading on Monday, reaching $8.93. 527,927 shares of the company's stock were exchanged, compared to its average volume of 1,015,120. Garrett Motion Inc. has a 52-week low of $7.02 and a 52-week high of $10.39. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 7.03 and a beta of 0.67. The company's 50-day moving average is $8.94 and its two-hundred day moving average is $8.76.

Insider Transactions at Garrett Motion

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the insider now directly owns 25,434,957 shares of the company's stock, valued at $228,914,613. This represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of Garrett Motion stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $9.94, for a total value of $875,326.34. Following the sale, the insider now directly owns 10,395,183 shares in the company, valued at approximately $103,328,119.02. The trade was a 0.84 % 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 valued at $28,920,153 over the last quarter. Company insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

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

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.