GSA Capital Partners LLP Invests $616,000 in Garrett Motion Inc. (NYSE:GTX)

GSA Capital Partners LLP bought a new position in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 75,314 shares of the company's stock, valued at approximately $616,000.

A number of other hedge funds also recently added to or reduced their stakes in GTX. Quarry LP increased its position in Garrett Motion by 54.8% in the 2nd quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after acquiring an additional 1,830 shares during the period. Pekin Hardy Strauss Inc. increased its position in shares of Garrett Motion by 2.2% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 94,850 shares of the company's stock worth $815,000 after purchasing an additional 2,000 shares during the last quarter. Entropy Technologies LP boosted its position in Garrett Motion by 17.0% during the 3rd quarter. Entropy Technologies LP now owns 17,915 shares of the company's stock valued at $147,000 after purchasing an additional 2,600 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Garrett Motion by 17.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,203 shares of the company's stock worth $174,000 after acquiring an additional 2,933 shares during the period. Finally, Covestor Ltd acquired a new stake in shares of Garrett Motion during the third quarter worth $28,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Garrett Motion Trading Down 0.9 %

GTX traded down $0.07 on Tuesday, hitting $7.76. 503,857 shares of the stock traded hands, compared to its average volume of 922,621. The firm has a market capitalization of $1.66 billion, a PE ratio of 7.70 and a beta of 1.17. The business has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $8.44. Garrett Motion Inc. has a 52 week low of $7.13 and a 52 week high of $10.16.

Garrett Motion (NYSE:GTX - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.06). The company had revenue of $826.00 million for the quarter, compared to the consensus estimate of $854.00 million. Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. During the same quarter last year, the business posted $0.23 EPS. On average, equities research analysts forecast that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total transaction of $373,500.00. Following the transaction, the senior vice president now owns 140,509 shares in the company, valued at $1,049,602.23. This represents a 26.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, BWS Financial restated a "buy" rating and set a $12.00 target price on shares of Garrett Motion in a report on Friday, October 25th.

About Garrett Motion

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.