Prescott Group Capital Management L.L.C. Cuts Holdings in Garrett Motion Inc. (NYSE:GTX)

Prescott Group Capital Management L.L.C. decreased its position in Garrett Motion Inc. (NYSE:GTX) by 55.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,672 shares of the company’s stock after selling 118,679 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Garrett Motion were worth $864,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. New South Capital Management Inc. grew its holdings in shares of Garrett Motion by 19.0% in the third quarter. New South Capital Management Inc. now owns 2,710,242 shares of the company’s stock valued at $22,170,000 after acquiring an additional 431,779 shares in the last quarter. Barclays PLC grew its stake in Garrett Motion by 85.2% in the 3rd quarter. Barclays PLC now owns 297,022 shares of the company’s stock valued at $2,430,000 after purchasing an additional 136,600 shares during the period. Pekin Hardy Strauss Inc. grew its stake in Garrett Motion by 63.9% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 155,450 shares of the company’s stock valued at $1,272,000 after purchasing an additional 60,600 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Garrett Motion by 25.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,283,763 shares of the company’s stock valued at $10,501,000 after purchasing an additional 256,366 shares during the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. bought a new stake in shares of Garrett Motion during the 4th quarter worth $15,442,000. Institutional investors own 86.27% of the company’s stock.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 10,098,173 shares of the company’s stock, valued at $100,577,803.08. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Garrett Motion Stock Down 1.1 %

Shares of GTX stock opened at $9.25 on Friday. The firm has a market cap of $1.90 billion, a P/E ratio of 7.28 and a beta of 1.09. The company has a 50 day moving average of $9.38 and a 200-day moving average of $8.63. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.39.

Analysts Set New Price Targets

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

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.