Quantbot Technologies LP Cuts Stock Position in Garrett Motion Inc. (NYSE:GTX)

Quantbot Technologies LP trimmed its position in shares of Garrett Motion Inc. (NYSE:GTX) by 67.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,090 shares of the company’s stock after selling 36,979 shares during the quarter. Quantbot Technologies LP’s holdings in Garrett Motion were worth $163,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Paloma Partners Management Co purchased a new stake in Garrett Motion during the third quarter valued at approximately $87,000. Savant Capital LLC purchased a new stake in shares of Garrett Motion during the 4th quarter valued at $96,000. XTX Topco Ltd acquired a new stake in shares of Garrett Motion in the 3rd quarter worth $132,000. Pacific Global Investment Management Co. acquired a new stake in shares of Garrett Motion in the 4th quarter worth $150,000. Finally, ARS Investment Partners LLC acquired a new position in Garrett Motion during the 4th quarter valued at about $181,000. 86.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Garrett Motion in a report on Tuesday, February 25th.

Insider Activity at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $9.96, for a total transaction of $3,479,535.96. Following the completion of the transaction, the insider now directly owns 10,098,173 shares of the company’s stock, valued at approximately $100,577,803.08. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 1,457,412 shares of company stock valued at $13,973,062 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Garrett Motion Trading Down 3.9 %

Shares of Garrett Motion stock opened at $8.18 on Monday. The firm’s 50 day simple moving average is $9.31 and its two-hundred day simple moving average is $8.72. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.44 and a beta of 1.09. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.39.

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.