Quantbot Technologies LP Sells 36,979 Shares of Garrett Motion Inc. (NYSE:GTX)

Quantbot Technologies LP decreased its holdings in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 67.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,090 shares of the company's stock after selling 36,979 shares during the period. Quantbot Technologies LP's holdings in Garrett Motion were worth $163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GTX. Royce & Associates LP raised its holdings in shares of Garrett Motion by 25.6% in the 4th quarter. Royce & Associates LP now owns 2,072,173 shares of the company's stock valued at $18,712,000 after acquiring an additional 422,955 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in Garrett Motion in the fourth quarter valued at approximately $15,442,000. Thompson Siegel & Walmsley LLC lifted its position in Garrett Motion by 15.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,483,442 shares of the company's stock valued at $13,395,000 after purchasing an additional 199,679 shares during the last quarter. Victory Capital Management Inc. grew its stake in Garrett Motion by 0.8% in the 4th quarter. Victory Capital Management Inc. now owns 1,235,531 shares of the company's stock worth $11,157,000 after buying an additional 9,681 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Garrett Motion by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 807,950 shares of the company's stock worth $7,296,000 after buying an additional 25,818 shares during the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

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Garrett Motion Trading Down 7.2 %

Shares of GTX traded down $0.59 during midday trading on Thursday, reaching $7.60. The stock had a trading volume of 1,426,755 shares, compared to its average volume of 941,794. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 5.98 and a beta of 0.67. The company's 50-day moving average is $9.20 and its 200 day moving average is $8.72. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.39.

Insider Buying and Selling

In related news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of Garrett Motion stock in a transaction on Friday, March 7th. The shares were sold at an average price of $9.41, for a total value of $4,893,200.00. Following the transaction, the insider now owns 9,795,684 shares in the company, valued at $92,177,386.44. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,457,412 shares of company stock worth $13,973,062 in the last quarter. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.