Posted by admin on Aug 8th, 2022
Great Lakes Advisors LLC cut its holdings in Garrett Motion Inc. (NYSE:GTX – Get Rating) by 7.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,952 shares of the company’s stock after selling 17,881 shares during the period. Great Lakes Advisors LLC owned about 0.34% of Garrett Motion worth $1,574,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GHP Investment Advisors Inc. acquired a new stake in shares of Garrett Motion during the first quarter worth about $27,000. Advisor Group Holdings Inc. grew its holdings in shares of Garrett Motion by 31.0% during the first quarter. Advisor Group Holdings Inc. now owns 12,015 shares of the company’s stock worth $85,000 after buying an additional 2,846 shares during the last quarter. Titleist Asset Management LTD. purchased a new position in shares of Garrett Motion during the first quarter worth about $104,000. Black Swift Group LLC purchased a new position in shares of Garrett Motion during the fourth quarter worth about $201,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Garrett Motion by 8.2% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 27,023 shares of the company’s stock worth $217,000 after buying an additional 2,045 shares during the last quarter. 69.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of GTX opened at $6.93 on Monday. Garrett Motion Inc. has a twelve month low of $5.61 and a twelve month high of $8.59. The stock’s 50 day moving average is $7.05 and its two-hundred day moving average is $6.91. The firm has a market capitalization of $449.09 million, a PE ratio of 9.12 and a beta of 1.36.
Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharger and electric-boosting technologies for light and commercial vehicle original equipment manufacturers worldwide. The company offers light vehicle gasoline and diesel, and commercial vehicle turbochargers; and provides automotive software solutions.
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