New South Capital Management Inc. Has $22.75 Million Stock Holdings in Garrett Motion Inc. (NYSE:GTX)

New South Capital Management Inc. decreased its holdings in Garrett Motion Inc. (NYSE:GTX - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,518,873 shares of the company's stock after selling 191,369 shares during the quarter. New South Capital Management Inc. owned 1.18% of Garrett Motion worth $22,745,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GTX. Eubel Brady & Suttman Asset Management Inc. acquired a new position in Garrett Motion in the fourth quarter valued at about $15,442,000. Public Employees Retirement System of Ohio bought a new position in shares of Garrett Motion in the third quarter valued at approximately $5,928,000. Four Tree Island Advisory LLC acquired a new position in shares of Garrett Motion in the 4th quarter worth approximately $3,060,000. Seizert Capital Partners LLC grew its position in Garrett Motion by 76.6% during the 3rd quarter. Seizert Capital Partners LLC now owns 659,132 shares of the company's stock worth $5,392,000 after acquiring an additional 285,918 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Garrett Motion by 1,154.5% during the 4th quarter. Bank of New York Mellon Corp now owns 296,477 shares of the company's stock valued at $2,677,000 after purchasing an additional 272,843 shares in the last quarter. 86.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $9.94, for a total transaction of $875,326.34. Following the completion of the sale, the insider now directly owns 10,395,183 shares of the company's stock, valued at approximately $103,328,119.02. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 937,412 shares of company stock valued at $9,079,862. 0.60% of the stock is owned by company insiders.

Remove Ads

Garrett Motion Trading Up 2.3 %

Shares of GTX traded up $0.21 on Friday, reaching $9.46. 2,326,130 shares of the company's stock were exchanged, compared to its average volume of 922,260. The business has a 50 day moving average price of $9.39 and a two-hundred day moving average price of $8.64. Garrett Motion Inc. has a 12 month low of $7.13 and a 12 month high of $10.39. The stock has a market capitalization of $1.94 billion, a P/E ratio of 7.45 and a beta of 1.09.

Analysts Set New Price Targets

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

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.