Garrett Motion Inc. (NYSE:GTX) Holdings Cut by Caprock Group LLC

Caprock Group LLC cut its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,342 shares of the company’s stock after selling 1,606 shares during the quarter. Caprock Group LLC’s holdings in Garrett Motion were worth $85,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd bought a new position in Garrett Motion during the 3rd quarter worth $28,000. Quarry LP boosted its holdings in shares of Garrett Motion by 54.8% during the second quarter. Quarry LP now owns 5,170 shares of the company’s stock valued at $44,000 after acquiring an additional 1,830 shares during the period. Gladius Capital Management LP bought a new position in shares of Garrett Motion during the third quarter worth about $58,000. nVerses Capital LLC acquired a new stake in shares of Garrett Motion in the 2nd quarter worth about $67,000. Finally, Aigen Investment Management LP bought a new stake in Garrett Motion in the 3rd quarter valued at about $116,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Garrett Motion

In other news, SVP Thierry Mabru sold 50,000 shares of Garrett Motion stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total transaction of $373,500.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Garrett Motion Stock Performance

Shares of GTX stock opened at $8.38 on Tuesday. Garrett Motion Inc. has a 1 year low of $7.13 and a 1 year high of $10.16. The firm has a market capitalization of $1.79 billion, a PE ratio of 8.22 and a beta of 1.17. The stock has a fifty day moving average of $7.94 and a two-hundred day moving average of $8.39.

Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a net margin of 6.54% and a negative return on equity of 31.48%. The company had revenue of $826.00 million during the quarter, compared to the consensus estimate of $854.00 million. During the same quarter in the prior year, the company earned $0.23 EPS. Equities research analysts predict that Garrett Motion Inc. will post 1.08 earnings per share 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.