Cyrus Capital Partners, L.P. Sells 200,000 Shares of Garrett Motion Inc. (NYSE:GTX) Stock

Garrett Motion Inc. (NYSE:GTX) major shareholder Cyrus Capital Partners, L.P. sold 200,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $10.03, for a total value of $2,006,000.00. Following the transaction, the insider now owns 28,267,284 shares in the company, valued at approximately $283,520,858.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Cyrus Capital Partners, L.P. also recently made the following trade(s):

• 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 shares were sold at an average price of $9.20, for a total value of $274,712.00.

Garrett Motion Stock Performance

Shares of GTX stock opened at $10.03 on Thursday. The stock’s fifty day moving average price is $9.23 and its two-hundred day moving average price is $8.38. The company has a market cap of $2.39 billion, a PE ratio of -7.72 and a beta of 1.30. Garrett Motion Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $10.16.

Garrett Motion (NYSE:GTX) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $949.00 million. On average, equities analysts predict that Garrett Motion Inc. will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Garrett Motion

Hedge funds have recently modified their holdings of the company. Dark Forest Capital Management LP acquired a new stake in shares of Garrett Motion during the 1st quarter valued at $35,000. Comerica Bank boosted its holdings in shares of Garrett Motion by 238.0% during 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. Quantbot Technologies LP acquired a new stake in shares of Garrett Motion during the 2nd quarter valued at $37,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Garrett Motion during the 3rd quarter valued at $43,000. Finally, Barclays PLC boosted its holdings in shares of Garrett Motion by 888.6% during the 2nd quarter. Barclays PLC now owns 6,505 shares of the company’s stock valued at $49,000 after acquiring an additional 5,847 shares in the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

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.