EntryPoint Capital LLC Takes $266,000 Position in Garrett Motion Inc. (NYSE:GTX)

EntryPoint Capital LLC acquired a new stake in shares of Garrett Motion Inc. (NYSE:GTX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,459 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Garrett Motion during the 3rd quarter valued at $438,000. Verition Fund Management LLC increased its position in Garrett Motion by 138.4% during the third quarter. Verition Fund Management LLC now owns 45,528 shares of the company’s stock worth $372,000 after buying an additional 26,428 shares during the last quarter. Maverick Capital Ltd. raised its holdings in Garrett Motion by 27.5% during the third quarter. Maverick Capital Ltd. now owns 215,531 shares of the company’s stock valued at $1,763,000 after buying an additional 46,470 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Garrett Motion in the third quarter worth about $87,000. Finally, Centiva Capital LP bought a new stake in shares of Garrett Motion during the 3rd quarter worth about $431,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Garrett Motion news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.41, for a total value of $4,893,200.00. Following the sale, the insider now owns 9,795,684 shares of the company’s stock, valued at $92,177,386.44. This trade represents a 5.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 1,457,412 shares of company stock worth $13,973,062 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Garrett Motion Trading Down 3.9 %

Shares of Garrett Motion stock opened at $8.18 on Friday. The firm has a fifty day simple moving average of $9.31 and a 200-day simple moving average of $8.71. The stock 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 1-year low of $7.13 and a 1-year high of $10.39.

Analysts Set New Price Targets

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

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.