Thornburg Investment Management Inc. Acquires Shares of 37,500 Garrett Motion Inc (GTX)

Thornburg Investment Management Inc. acquired a new stake in Garrett Motion Inc (NYSE:GTX) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,500 shares of the company’s stock, valued at approximately $694,000.

Several other hedge funds have also recently added to or reduced their stakes in GTX. Massachusetts Financial Services Co. MA bought a new position in shares of Garrett Motion in the third quarter valued at approximately $30,090,000. America First Investment Advisors LLC bought a new position in shares of Garrett Motion in the third quarter valued at approximately $6,114,000. Strs Ohio bought a new position in shares of Garrett Motion in the third quarter valued at approximately $1,385,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Garrett Motion in the third quarter valued at approximately $449,000. Institutional investors own 2.78% of the company’s stock.

A number of research firms have recently commented on GTX. Barclays set a $15.00 price objective on shares of Garrett Motion and gave the company a “hold” rating in a research report on Tuesday. UBS Group began coverage on shares of Garrett Motion in a research report on Friday, November 2nd. They issued a “sell” rating for the company. Bank of America began coverage on shares of Garrett Motion in a research report on Tuesday, October 2nd. They issued an “underperform” rating and a $15.00 price objective for the company. Finally, Royal Bank of Canada began coverage on shares of Garrett Motion in a research report on Monday, October 1st. They issued an “underperform” rating and a $14.00 price objective for the company.

Shares of Garrett Motion stock opened at $14.00 on Thursday. Garrett Motion Inc has a 1 year low of $13.33 and a 1 year high of $22.00.

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Garrett Motion Company Profile

Garrett Motion Inc designs, manufactures, and sells turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket worldwide. The company was incorporated in 2018 and is headquartered in Rolle, Switzerland.

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

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