Atria Investments Inc Makes New $237,000 Investment in Garrett Motion Inc. (NYSE:GTX)

Atria Investments Inc purchased a new stake in shares of Garrett Motion Inc. (NYSE:GTX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 28,957 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GTX. Quarry LP increased its position in Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after buying an additional 1,830 shares during the period. nVerses Capital LLC acquired a new stake in Garrett Motion in the 2nd quarter worth about $67,000. Caprock Group LLC bought a new stake in Garrett Motion in the 2nd quarter valued at about $103,000. SG Americas Securities LLC acquired a new position in shares of Garrett Motion during the 2nd quarter worth approximately $118,000. Finally, MBB Public Markets I LLC bought a new position in shares of Garrett Motion during the second quarter worth approximately $131,000. 86.27% of the stock is currently owned by institutional investors and hedge funds.

Garrett Motion Stock Performance

NYSE:GTX opened at $8.31 on Friday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 8.15 and a beta of 1.17. Garrett Motion Inc. has a fifty-two week low of $7.13 and a fifty-two week high of $10.16. The stock has a fifty day moving average price of $7.94 and a 200-day moving average price of $8.40.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, SVP Thierry Mabru sold 50,000 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 140,509 shares in the company, valued at $1,049,602.23. This represents a 26.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by company insiders.

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.