1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in shares of Garrett Motion Inc. (NYSE:GTX – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,700 shares of the company’s stock, valued at approximately $133,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GTX. Barclays PLC boosted its holdings in Garrett Motion by 85.2% in the third 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 last quarter. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in Garrett Motion in the fourth quarter valued at approximately $15,442,000.
Assenagon Asset Management S.A. grew its holdings in Garrett Motion by 32.
0% in the fourth quarter. Assenagon Asset Management S.A.
now owns 194,315 shares of the company’s stock valued at $1,755,000 after purchasing an additional 47,126 shares during the period. VELA Investment Management LLC purchased a new stake in shares of Garrett Motion in the fourth quarter valued at approximately $883,000. Finally, Four Tree Island Advisory LLC acquired a new position in shares of Garrett Motion during the 4th quarter worth approximately $3,060,000.
Hedge funds and other institutional investors own 86.27% of the company’s stock. Garrett Motion Trading Up 9.
8 %Shares of Garrett Motion stock opened at $8.72 on Thursday. Garrett Motion Inc.
has a twelve month low of $7.02 and a twelve month high of $10.39.
The firm has a market capitalization of $1.79 billion, a PE ratio of 6.87 and a beta of 0.
67. The firm’s 50-day moving average price is $9.02 and its 200 day moving average price is $8.
72. Insider ActivityIn other news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $9.
96, for a total value of $3,479,535.96. Following 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 ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 1,457,412 shares of company stock worth $13,973,062 over the last quarter. 0.
60% of the stock is currently owned by corporate insiders. Wall Street Analyst Weigh InSeparately, BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Garrett Motion in a report on Friday, April 4th.
Get Our Latest Research Report on Garrett MotionGarrett Motion Profile (Free Report)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.Read MoreFive stocks we like better than Garrett MotionFind and Profitably Trade Stocks at 52-Week LowsQuantum Computing: The $6.
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