EntryPoint Capital LLC Makes New $266,000 Investment in Garrett Motion Inc. (NYSE:GTX)

EntryPoint Capital LLC acquired a new stake in shares of Garrett Motion Inc. (NYSE:GTX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,459 shares of the company’s stock, valued at approximately $266,000.

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

Insiders Place Their Bets

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

Garrett Motion Trading Down 3.9 %

Shares of GTX stock opened at $8.18 on Friday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.44 and a beta of 1.09. Garrett Motion Inc. has a 1-year low of $7.13 and a 1-year high of $10.39. The stock’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $8.71.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Garrett Motion in a research report on Tuesday, February 25th.

Garrett Motion Company 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.