Quantbot Technologies LP Sells 76,485 Shares of Garrett Motion Inc. (NYSE:GTX)

Quantbot Technologies LP reduced its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 58.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,069 shares of the company's stock after selling 76,485 shares during the quarter. Quantbot Technologies LP's holdings in Garrett Motion were worth $450,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in GTX. Vanguard Group Inc. lifted its stake in Garrett Motion by 1.6% in the first quarter. Vanguard Group Inc. now owns 2,462,714 shares of the company's stock valued at $24,479,000 after acquiring an additional 39,375 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Garrett Motion in the second quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Garrett Motion by 17.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,203 shares of the company's stock valued at $174,000 after acquiring an additional 2,933 shares during the last quarter. American Capital Advisory LLC acquired a new stake in Garrett Motion in the second quarter valued at approximately $1,129,000. Finally, nVerses Capital LLC acquired a new stake in Garrett Motion in the second quarter valued at approximately $67,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Garrett Motion Price Performance

GTX stock traded up $0.19 on Wednesday, reaching $8.59. 789,451 shares of the company were exchanged, compared to its average volume of 923,690. Garrett Motion Inc. has a 12 month low of $7.13 and a 12 month high of $10.16. The stock's fifty day moving average price is $7.98 and its 200 day moving average price is $8.35. The firm has a market capitalization of $1.83 billion, a PE ratio of 8.42 and a beta of 1.16.

Garrett Motion (NYSE:GTX - Get Free Report) last announced 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 period last year, the firm posted $0.23 EPS. As a group, research analysts expect that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

Insider Transactions at Garrett Motion

In related news, SVP Thierry Mabru sold 50,000 shares of the company's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

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