Aristides Capital LLC Boosts Position in Garrett Motion Inc. (NYSE:GTX)

Aristides Capital LLC grew its stake in shares of Garrett Motion Inc. (NYSE:GTX) by 57.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,960 shares of the company’s stock after buying an additional 15,290 shares during the period. Aristides Capital LLC’s holdings in Garrett Motion were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GTX. Paloma Partners Management Co bought a new stake in Garrett Motion during the 3rd quarter worth approximately $87,000. Savant Capital LLC purchased a new position in Garrett Motion during the fourth quarter worth about $96,000. XTX Topco Ltd purchased a new stake in shares of Garrett Motion in the 3rd quarter valued at about $132,000. KLP Kapitalforvaltning AS bought a new stake in shares of Garrett Motion during the 4th quarter valued at about $133,000. Finally, Pacific Global Investment Management Co. bought a new position in shares of Garrett Motion in the fourth quarter worth approximately $150,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

Garrett Motion Trading Down 3.4 %

GTX opened at $7.34 on Friday. The stock has a market capitalization of $1.50 billion, a P/E ratio of 5.78 and a beta of 0.67. The stock has a 50-day moving average price of $9.15 and a 200-day moving average price of $8.71. Garrett Motion Inc. has a 12-month low of $7.02 and a 12-month high of $10.39.

Insiders Place Their Bets

In other news, major shareholder Special Credit Pa Centerbridge sold 520,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.41, for a total transaction of $4,893,200.00. Following the transaction, the insider now directly owns 9,795,684 shares of the company’s stock, valued at approximately $92,177,386.44. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 1,457,412 shares of company stock valued at $13,973,062. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

About Garrett Motion

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.