Atria Investments Inc Purchases Shares of 28,957 Garrett Motion Inc. (NYSE:GTX)

Atria Investments Inc purchased a new stake in Garrett Motion Inc. (NYSE:GTX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,957 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC grew its position in Garrett Motion by 34.4% during the 2nd quarter. William Blair Investment Management LLC now owns 9,257,594 shares of the company’s stock worth $79,523,000 after acquiring an additional 2,369,442 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Garrett Motion by 1.6% during the first quarter. Vanguard Group Inc. now owns 2,462,714 shares of the company’s stock worth $24,479,000 after purchasing an additional 39,375 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Garrett Motion by 17.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,278,327 shares of the company’s stock worth $19,570,000 after purchasing an additional 335,472 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Garrett Motion by 13.9% in the second quarter. Victory Capital Management Inc. now owns 1,186,998 shares of the company’s stock valued at $10,196,000 after buying an additional 144,576 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Garrett Motion by 7.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,027,397 shares of the company’s stock valued at $8,825,000 after buying an additional 75,576 shares during the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Garrett Motion in a research note on Friday, October 25th.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $7.47, for a total value of $373,500.00. Following the sale, the senior vice president now directly owns 140,509 shares in the company, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Garrett Motion Stock Performance

NYSE:GTX opened at $8.31 on Friday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 8.15 and a beta of 1.17. The stock’s fifty day moving average price is $7.94 and its two-hundred day moving average price is $8.40. Garrett Motion Inc. has a 52-week low of $7.13 and a 52-week high of $10.16.

Garrett Motion (NYSE:GTX) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.06). The firm had revenue of $826.00 million for the quarter, compared to analyst estimates of $854.00 million. Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. During the same period last year, the company earned $0.23 EPS. On average, equities analysts predict that Garrett Motion Inc. will post 1.08 EPS for the current fiscal year.

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.