HighTower Advisors LLC Purchases 3,880 Shares of Garrett Motion Inc. (NYSE:GTX)

HighTower Advisors LLC grew its position in Garrett Motion Inc. (NYSE:GTX) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,101 shares of the company’s stock after acquiring an additional 3,880 shares during the quarter. HighTower Advisors LLC’s holdings in Garrett Motion were worth $281,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Paloma Partners Management Co bought a new position in Garrett Motion in the third quarter worth $87,000. Savant Capital LLC bought a new position in shares of Garrett Motion during the 4th quarter worth about $96,000. XTX Topco Ltd acquired a new stake in shares of Garrett Motion during the 3rd quarter valued at about $132,000. Pacific Global Investment Management Co. bought a new stake in Garrett Motion in the fourth quarter valued at about $150,000. Finally, ARS Investment Partners LLC acquired a new position in Garrett Motion in the fourth quarter worth about $181,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Insider Activity

In other news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of Garrett Motion stock in a transaction that occurred 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 transaction, the insider now owns 10,395,183 shares in the company, valued at approximately $103,328,119.02. The trade was a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 1,457,412 shares of company stock worth $13,973,062. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Garrett Motion Price Performance

Shares of NYSE:GTX opened at $8.19 on Thursday. The business’s fifty day moving average price is $9.24 and its two-hundred day moving average price is $8.72. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.39. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.45 and a beta of 1.09.

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.