Garrett Motion Inc. (NYSE:GTX - Get Free Report) major shareholder Cyrus Capital Partners, L.P. sold 163,027 shares of the firm's 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 owns 27,671,372 shares of the company's stock, valued at $276,713,720. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Cyrus Capital Partners, L.P. also recently made the following trade(s):
- On Wednesday, March 27th, Cyrus Capital Partners, L.P. sold 250,000 shares of Garrett Motion stock. The stock was sold at an average price of $10.01, for a total value of $2,502,500.00.
- On Monday, March 25th, Cyrus Capital Partners, L.P. sold 200,000 shares of Garrett Motion stock. The stock was sold at an average price of $10.03, for a total value of $2,006,000.00.
- On Friday, March 22nd, Cyrus Capital Partners, L.P. sold 260,000 shares of Garrett Motion stock. The stock was sold at an average price of $9.87, for a total value of $2,566,200.00.
- On Thursday, February 22nd, Cyrus Capital Partners, L.P. sold 200,000 shares of Garrett Motion stock. The stock was sold at an average price of $9.35, for a total value of $1,870,000.00.
- On Thursday, February 15th, Cyrus Capital Partners, L.P. sold 29,860 shares of Garrett Motion stock. The stock was sold at an average price of $9.20, for a total value of $274,712.00.
Garrett Motion Price Performance
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GTX opened at $9.87 on Thursday. Garrett Motion Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $10.16. The business has a 50-day moving average of $9.34 and a 200-day moving average of $8.46. The company has a market capitalization of $2.35 billion, a PE ratio of -7.59 and a beta of 1.31.
Garrett Motion (NYSE:GTX - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. Garrett Motion had a negative return on equity of 49.01% and a net margin of 6.72%. The company had revenue of $945.00 million during the quarter, compared to the consensus estimate of $949.00 million. On average, equities research analysts expect that Garrett Motion Inc. will post 1.09 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Garrett Motion
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of Garrett Motion by 2.5% in the 2nd quarter. Stifel Financial Corp now owns 52,365 shares of the company's stock valued at $396,000 after acquiring an additional 1,287 shares in the last quarter. UBS Group AG raised its stake in shares of Garrett Motion by 11.9% in the 3rd quarter. UBS Group AG now owns 13,458 shares of the company's stock valued at $76,000 after acquiring an additional 1,436 shares in the last quarter. XTX Topco Ltd raised its stake in shares of Garrett Motion by 8.4% in the 1st quarter. XTX Topco Ltd now owns 33,326 shares of the company's stock valued at $255,000 after acquiring an additional 2,575 shares in the last quarter. Comerica Bank raised its stake in shares of Garrett Motion by 238.0% in the 4th quarter. Comerica Bank now owns 3,677 shares of the company's stock valued at $36,000 after acquiring an additional 2,589 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Garrett Motion by 4.6% in the 1st quarter. Bank of Montreal Can now owns 60,144 shares of the company's stock valued at $441,000 after acquiring an additional 2,651 shares in the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.
About Garrett Motion
(
Get 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.
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