Garrett Motion Inc. (NYSE:GTX) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC decreased its position in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the company's stock after selling 201,078 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in Garrett Motion were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GTX. Savant Capital LLC acquired a new position in Garrett Motion during the 4th quarter worth $96,000. KLP Kapitalforvaltning AS acquired a new position in shares of Garrett Motion during the fourth quarter worth about $133,000. Pacific Global Investment Management Co. purchased a new stake in shares of Garrett Motion during the fourth quarter worth approximately $150,000. Mariner LLC raised its holdings in Garrett Motion by 35.6% in the fourth quarter. Mariner LLC now owns 19,434 shares of the company's stock valued at $175,000 after acquiring an additional 5,107 shares in the last quarter. Finally, ARS Investment Partners LLC purchased a new position in Garrett Motion in the fourth quarter worth approximately $181,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BWS Financial increased their price objective on shares of Garrett Motion from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday.

Insider Transactions at Garrett Motion

In related news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $9.94, for a total value 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 $103,328,119.02. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $9.00, for a total value of $1,350,000.00. Following the transaction, the insider now directly owns 25,434,957 shares in the company, valued at approximately $228,914,613. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,109,853 shares of company stock valued at $28,920,153. Corporate insiders own 0.60% of the company's stock.

Garrett Motion Stock Up 6.6 %

Garrett Motion stock traded up $0.68 during midday trading on Friday, reaching $10.88. The company's stock had a trading volume of 1,334,203 shares, compared to its average volume of 1,034,451. The company has a market cap of $2.22 billion, a P/E ratio of 8.57 and a beta of 0.67. The business has a 50-day simple moving average of $8.92 and a 200-day simple moving average of $8.82. Garrett Motion Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $11.04.

About Garrett Motion

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.