Apis Capital Advisors LLC Has $1.89 Million Stock Holdings in Garrett Motion Inc. (NYSE:GTX)

Apis Capital Advisors LLC trimmed its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 8.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 220,000 shares of the company’s stock after selling 20,000 shares during the quarter. Garrett Motion comprises about 1.4% of Apis Capital Advisors LLC’s portfolio, making the stock its 24th biggest holding. Apis Capital Advisors LLC owned approximately 0.10% of Garrett Motion worth $1,890,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. William Blair Investment Management LLC increased its stake in Garrett Motion by 34.4% in the second quarter. William Blair Investment Management LLC now owns 9,257,594 shares of the company’s stock valued at $79,523,000 after acquiring an additional 2,369,442 shares during the last quarter. Hawk Ridge Capital Management LP increased its stake in shares of Garrett Motion by 2.1% in the 4th quarter. Hawk Ridge Capital Management LP now owns 7,485,692 shares of the company’s stock valued at $72,387,000 after purchasing an additional 156,838 shares during the last quarter. Prevatt Capital Ltd acquired a new position in shares of Garrett Motion during the 4th quarter worth $24,188,000. Vanguard Group Inc. lifted its position in shares of Garrett Motion by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,462,714 shares of the company’s stock worth $24,479,000 after buying an additional 39,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Garrett Motion by 17.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company’s stock worth $19,570,000 after buying an additional 335,472 shares during the last quarter. 86.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $12.00 target price on shares of Garrett Motion in a research note on Thursday.

Garrett Motion Price Performance

GTX stock opened at $8.10 on Monday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -7.04 and a beta of 1.15. The company has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $8.95. Garrett Motion Inc. has a 1 year low of $6.43 and a 1 year high of $10.16.

Garrett Motion (NYSE:GTX) last posted its earnings results on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Garrett Motion had a net margin of 6.44% and a negative return on equity of 33.11%. The firm had revenue of $890.00 million for the quarter, compared to analysts’ expectations of $950.00 million. During the same quarter in the previous year, the firm posted ($1.88) earnings per share. On average, equities research analysts anticipate that Garrett Motion Inc. will post 1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Julia Steyn sold 14,000 shares of Garrett Motion stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $8.77, for a total transaction of $122,780.00. Following the sale, the director now directly owns 53,781 shares of the company’s stock, valued at $471,659.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Garrett Motion news, Director Julia Steyn sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $8.77, for a total value of $122,780.00. Following the completion of the transaction, the director now directly owns 53,781 shares in the company, valued at approximately $471,659.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Cyrus Capital Partners, L.P. sold 3,779 shares of Garrett Motion stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $10.01, for a total transaction of $37,827.79. Following the transaction, the insider now owns 27,337,398 shares in the company, valued at approximately $273,647,353.98. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.