Gamco Investors INC. ET AL Raises Stock Holdings in Garrett Motion Inc. (NYSE:GTX)

Gamco Investors INC. ET AL lifted its holdings in shares of Garrett Motion Inc. (NYSE:GTXGet Rating) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,220 shares of the company’s stock after purchasing an additional 19,993 shares during the quarter. Gamco Investors INC. ET AL owned 0.77% of Garrett Motion worth $4,049,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Garrett Motion during the first quarter worth about $98,000. Moors & Cabot Inc. purchased a new position in shares of Garrett Motion during the third quarter worth about $364,000. Advisor Group Holdings Inc. grew its holdings in shares of Garrett Motion by 20.0% during the third quarter. Advisor Group Holdings Inc. now owns 9,902 shares of the company’s stock worth $74,000 after purchasing an additional 1,648 shares in the last quarter. Wells Fargo & Company MN bought a new stake in Garrett Motion in the 2nd quarter worth approximately $95,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Garrett Motion in the 4th quarter worth approximately $185,000. 69.68% of the stock is owned by institutional investors.

NYSE:GTX opened at $5.75 on Tuesday. The business has a 50 day moving average of $6.82 and a 200 day moving average of $7.12. The company has a market capitalization of $370.91 million, a price-to-earnings ratio of 2.43 and a beta of 1.85. Garrett Motion Inc. has a 1-year low of $5.62 and a 1-year high of $8.90.

Garrett Motion (NYSE:GTXGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $901.00 million during the quarter, compared to the consensus estimate of $862.00 million. Garrett Motion had a negative return on equity of 59.33% and a net margin of 19.45%. On average, research analysts anticipate that Garrett Motion Inc. will post 1.06 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Garrett Motion from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 17th.

About Garrett Motion (Get Rating)

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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Institutional Ownership by Quarter for Garrett Motion (NYSE:GTX)

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