Garrett Motion Inc. (NYSE:GTX - Get Free Report) major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of Garrett Motion stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $9.00, for a total transaction of $1,350,000.00. Following the transaction, the insider now owns 25,434,957 shares in the company, valued at approximately $228,914,613. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Cyrus Capital Partners, L.P. also recently made the following trade(s):
- On Monday, April 14th, Cyrus Capital Partners, L.P. sold 1,502,441 shares of Garrett Motion stock. The shares were sold at an average price of $9.05, for a total value of $13,597,091.05.
Garrett Motion Stock Performance
Garrett Motion stock traded down $0.14 during trading hours on Monday, hitting $8.88. 1,598,133 shares of the stock were exchanged, compared to its average volume of 1,019,268. The business's 50-day moving average is $8.94 and its two-hundred day moving average is $8.76. Garrett Motion Inc. has a 12 month low of $7.02 and a 12 month high of $10.39. The stock has a market capitalization of $1.81 billion, a P/E ratio of 6.99 and a beta of 0.67.
Analysts Set New Price Targets
Separately, BWS Financial reiterated a "buy" rating and set a $12.00 price target on shares of Garrett Motion in a report on Friday, April 4th.
Read Our Latest Analysis on Garrett Motion
Institutional Trading of Garrett Motion
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Garrett Motion by 85.2% during the third quarter. Barclays PLC now owns 297,022 shares of the company's stock worth $2,430,000 after buying an additional 136,600 shares during the period. Eubel Brady & Suttman Asset Management Inc. acquired a new position in shares of Garrett Motion during the 4th quarter worth approximately $15,442,000. Raymond James Financial Inc. acquired a new position in shares of Garrett Motion in the fourth quarter valued at $326,000. Assenagon Asset Management S.A. grew its stake in Garrett Motion by 32.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 194,315 shares of the company's stock valued at $1,755,000 after buying an additional 47,126 shares during the last quarter. Finally, VELA Investment Management LLC bought a new position in shares of Garrett Motion during the fourth quarter worth approximately $883,000. 86.27% of the stock is owned by institutional investors.
Garrett Motion Company Profile
(
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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.
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