Aristides Capital LLC Acquires 15,290 Shares of Garrett Motion Inc. (NYSE:GTX)

Aristides Capital LLC raised its holdings in Garrett Motion Inc. (NYSE:GTX) by 57.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,960 shares of the company’s stock after buying an additional 15,290 shares during the quarter. Aristides Capital LLC’s holdings in Garrett Motion were worth $379,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GTX. Royce & Associates LP boosted its holdings in Garrett Motion by 25.6% in the fourth quarter. Royce & Associates LP now owns 2,072,173 shares of the company’s stock valued at $18,712,000 after acquiring an additional 422,955 shares in the last quarter. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of Garrett Motion in the 4th quarter worth about $15,442,000. Loomis Sayles & Co. L P boosted its stake in shares of Garrett Motion by 11.3% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,579,376 shares of the company’s stock valued at $14,262,000 after purchasing an additional 159,891 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Garrett Motion by 15.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,483,442 shares of the company’s stock valued at $13,395,000 after buying an additional 199,679 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Garrett Motion by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,235,531 shares of the company’s stock worth $11,157,000 after buying an additional 9,681 shares in the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

Garrett Motion Stock Down 3.4 %

NYSE GTX opened at $7.34 on Friday. The firm has a market capitalization of $1.50 billion, a PE ratio of 5.78 and a beta of 0.67. The stock’s 50 day moving average is $9.15 and its 200 day moving average is $8.71. Garrett Motion Inc. has a twelve month low of $7.02 and a twelve month high of $10.39.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Garrett Motion in a research report on Friday.

Insider Activity

In related news, major shareholder Special Credit Pa Centerbridge sold 88,061 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $9.94, for a total transaction of $875,326.34. Following the completion of the transaction, the insider now owns 10,395,183 shares of the company’s stock, valued at $103,328,119.02. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 1,457,412 shares of company stock worth $13,973,062. Corporate insiders own 0.60% of the company’s stock.

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.