Assenagon Asset Management S.A. Acquires Shares of 147,189 Garrett Motion Inc. (NYSE:GTX)

Assenagon Asset Management S.A. acquired a new position in Garrett Motion Inc. (NYSE:GTX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 147,189 shares of the company's stock, valued at approximately $1,204,000. Assenagon Asset Management S.A. owned 0.07% of Garrett Motion as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Quarry LP raised its stake in Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company's stock valued at $44,000 after purchasing an additional 1,830 shares during the period. nVerses Capital LLC bought a new stake in Garrett Motion during the 2nd quarter valued at approximately $67,000. Caprock Group LLC bought a new stake in Garrett Motion during the 2nd quarter valued at approximately $103,000. SG Americas Securities LLC bought a new stake in Garrett Motion during the 2nd quarter valued at approximately $118,000. Finally, MBB Public Markets I LLC bought a new stake in Garrett Motion during the 2nd quarter valued at approximately $131,000. Institutional investors own 86.27% of the company's stock.

Wall Street Analyst Weigh In

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

Garrett Motion Stock Performance

NYSE:GTX traded up $0.12 during trading hours on Friday, reaching $7.55. The stock had a trading volume of 851,822 shares, compared to its average volume of 845,995. Garrett Motion Inc. has a 52 week low of $7.13 and a 52 week high of $10.16. The company has a 50 day moving average price of $8.02 and a two-hundred day moving average price of $8.58. The stock has a market capitalization of $1.61 billion, a PE ratio of 7.40 and a beta of 1.17.

Garrett Motion (NYSE:GTX - Get Free Report) last released its quarterly earnings data 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). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The firm had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. During the same period in the previous year, the firm earned $0.23 EPS. Equities research analysts predict that Garrett Motion Inc. will post 1.08 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total value of $373,500.00. Following the completion of the transaction, the senior vice president now owns 140,509 shares in the company, valued at approximately $1,049,602.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

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.