Garrett Motion Inc. (NYSE:GTX) Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its stake in shares of Garrett Motion Inc. (NYSE:GTX - Free Report) by 1,332.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 187,600 shares of the company's stock after buying an additional 174,500 shares during the quarter. Jump Financial LLC owned approximately 0.08% of Garrett Motion worth $1,814,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Garrett Motion by 7.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 66,473 shares of the company's stock worth $524,000 after acquiring an additional 4,533 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Garrett Motion by 83.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,738 shares of the company's stock valued at $92,000 after purchasing an additional 5,328 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Garrett Motion during the third quarter worth approximately $43,000. Financial Management Professionals Inc. acquired a new stake in Garrett Motion during the fourth quarter worth approximately $82,000. Finally, Citigroup Inc. lifted its position in shares of Garrett Motion by 152.8% during the 3rd quarter. Citigroup Inc. now owns 14,158 shares of the company's stock worth $112,000 after buying an additional 8,558 shares during the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Garrett Motion Trading Up 2.3 %

Shares of Garrett Motion stock traded up $0.22 on Wednesday, hitting $9.59. The stock had a trading volume of 2,255,463 shares, compared to its average volume of 1,041,395. The company's 50 day moving average price is $9.63 and its 200 day moving average price is $8.89. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -8.34 and a beta of 1.27. Garrett Motion Inc. has a 52-week low of $6.43 and a 52-week high of $10.16.

Garrett Motion (NYSE:GTX - Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $945.00 million during the quarter, compared to analysts' expectations of $949.00 million. Garrett Motion had a negative return on equity of 35.33% and a net margin of 6.42%. Analysts predict that Garrett Motion Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a "buy" rating and issued a $15.00 target price on shares of Garrett Motion in a research report on Monday, April 8th.

Insider Buying and Selling

In related news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of Garrett Motion stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $9.35, for a total value of $1,870,000.00. Following the transaction, the insider now directly owns 29,327,284 shares in the company, valued at approximately $274,210,105.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $9.35, for a total value of $1,870,000.00. Following the completion of the sale, the insider now directly owns 29,327,284 shares of the company's stock, valued at approximately $274,210,105.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Sessa Capital Gp, Llc sold 10,000,000 shares of Garrett Motion stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $9.00, for a total value of $90,000,000.00. Following the completion of the sale, the insider now owns 15,236,484 shares in the company, valued at $137,128,356. The disclosure for this sale can be found here. Insiders sold a total of 11,161,193 shares of company stock worth $101,430,410 in the last 90 days. Company insiders own 0.60% of the company's stock.

Garrett Motion 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.