Legal & General Group Plc Sells 13,828 Shares of Garrett Motion Inc. (NYSE:GTX)

Legal & General Group Plc decreased its position in shares of Garrett Motion Inc. (NYSE:GTX) by 14.6% in the 4th quarter, HoldingsChannel reports. The fund owned 81,009 shares of the company’s stock after selling 13,828 shares during the period. Legal & General Group Plc’s holdings in Garrett Motion were worth $732,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GTX. Savant Capital LLC bought a new stake in Garrett Motion during the 4th quarter worth approximately $96,000. KLP Kapitalforvaltning AS bought a new stake in shares of Garrett Motion in the 4th quarter worth $133,000. Pacific Global Investment Management Co. purchased a new stake in shares of Garrett Motion in the fourth quarter valued at about $150,000. ARS Investment Partners LLC bought a new position in shares of Garrett Motion during the fourth quarter valued at about $181,000. Finally, Financial Advocates Investment Management purchased a new position in Garrett Motion during the fourth quarter worth about $191,000. 86.27% of the stock is currently owned by institutional investors.

Garrett Motion Price Performance

Shares of NYSE GTX opened at $9.16 on Tuesday. The firm’s 50 day simple moving average is $8.93 and its two-hundred day simple moving average is $8.81. Garrett Motion Inc. has a one year low of $7.02 and a one year high of $10.39. The stock has a market capitalization of $1.87 billion, a P/E ratio of 7.21 and a beta of 0.67.

Insider Buying and Selling at Garrett Motion

In other Garrett Motion news, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $9.00, for a total value of $1,350,000.00. Following the completion of the transaction, the insider now directly owns 25,434,957 shares in the company, valued at $228,914,613. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $9.96, for a total value of $3,479,535.96. Following the completion of the sale, the insider now owns 10,098,173 shares of the company’s stock, valued at $100,577,803.08. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,109,853 shares of company stock valued at $28,920,153. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research report on Friday, April 4th.

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.