18,296 Shares in Garrett Motion Inc. (NYSE:GTX) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of Garrett Motion Inc. (NYSE:GTX) during the 4th quarter, Holdings Channel reports. The firm bought 18,296 shares of the company’s stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Garrett Motion during the 3rd quarter valued at about $43,000. Financial Management Professionals Inc. purchased a new stake in shares of Garrett Motion in the fourth quarter worth $82,000. Citigroup Inc. increased its stake in shares of Garrett Motion by 152.8% in the third quarter. Citigroup Inc. now owns 14,158 shares of the company’s stock worth $112,000 after purchasing an additional 8,558 shares in the last quarter. Altfest L J & Co. Inc. increased its stake in shares of Garrett Motion by 98.0% in the fourth quarter. Altfest L J & Co. Inc. now owns 19,800 shares of the company’s stock worth $191,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Garrett Motion by 27,500.0% during the 4th quarter. Quent Capital LLC now owns 11,040 shares of the company’s stock valued at $107,000 after purchasing an additional 11,000 shares during the period. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Cyrus Capital Partners, L.P. sold 163,027 shares of Garrett Motion stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $10.00, for a total value of $1,630,270.00. Following the sale, the insider now directly owns 27,671,372 shares of the company’s stock, valued at $276,713,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 471,333 shares of company stock worth $4,713,498 in the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

Garrett Motion Trading Down 0.8 %

NYSE GTX opened at $8.35 on Monday. The stock’s 50 day moving average is $9.16 and its 200 day moving average is $9.17. Garrett Motion Inc. has a 12 month low of $6.43 and a 12 month high of $10.16. The stock has a market cap of $1.89 billion, a PE ratio of -7.26 and a beta of 1.19.

Garrett Motion (NYSE:GTX) last released its earnings results on Thursday, April 25th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The firm had revenue of $915.00 million for the quarter, compared to the consensus estimate of $938.00 million. Garrett Motion had a net margin of 6.42% and a negative return on equity of 35.33%. On average, analysts forecast that Garrett Motion Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and set a $15.00 price target on shares of Garrett Motion in a report on Monday, June 3rd.

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.