Lonestar Capital Management LLC Sells 210,000 Shares of Garrett Motion Inc. (NYSE:GTX)

Lonestar Capital Management LLC trimmed its holdings in shares of Garrett Motion Inc. (NYSE:GTX) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,090,000 shares of the company’s stock after selling 210,000 shares during the quarter. Garrett Motion accounts for approximately 3.6% of Lonestar Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Lonestar Capital Management LLC’s holdings in Garrett Motion were worth $9,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of GTX. Quarry LP boosted its position in shares of Garrett Motion by 180.3% during the fourth quarter. Quarry LP now owns 7,755 shares of the company’s stock worth $70,000 after buying an additional 4,988 shares during the period. Savant Capital LLC acquired a new position in Garrett Motion in the 4th quarter valued at about $96,000. KLP Kapitalforvaltning AS acquired a new position in Garrett Motion in the 4th quarter valued at about $133,000. Pacific Global Investment Management Co. acquired a new stake in shares of Garrett Motion during the fourth quarter worth about $150,000. Finally, Mariner LLC boosted its stake in shares of Garrett Motion by 35.6% in the fourth quarter. Mariner LLC now owns 19,434 shares of the company’s stock valued at $175,000 after purchasing an additional 5,107 shares during the period. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Garrett Motion

In other news, major shareholder Special Credit Pa Centerbridge sold 349,351 shares of Garrett Motion stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $9.96, for a total transaction of $3,479,535.96. Following the completion of the sale, the insider now directly owns 10,098,173 shares of the company’s stock, valued at approximately $100,577,803.08. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cyrus Capital Partners, L.P. sold 150,000 shares of the stock in a transaction 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 trade represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,109,853 shares of company stock valued at $28,920,153 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Garrett Motion Trading Down 0.2 %

NYSE:GTX opened at $9.15 on Monday. Garrett Motion Inc. has a 12-month low of $7.02 and a 12-month high of $10.39. The firm has a market cap of $1.87 billion, a PE ratio of 7.20 and a beta of 0.67. The stock has a fifty day moving average price of $8.94 and a 200 day moving average price of $8.80.

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.