Renowned value investor Seth Klarman (Trades, Portfolio) has recently made a significant transaction in his portfolio. On August 4, 2023, Klarman reduced his stake in Garrett Motion Inc (NASDAQ:GTX), a leading provider of engineered turbocharger and electric-boosting technologies. This article will delve into the details of this transaction, provide an overview of Klarman's investment philosophy, and analyze the financials of Garrett Motion Inc.
Baker Ellis Asset Management LLC lowered its position in Garrett Motion Inc. (NYSE:GTX – Free Report) by 1.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 292,426 shares of the company’s stock after selling 3,087 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Garrett Motion were worth $2,240,000 at the […]
Privium Fund Management UK Ltd increased its stake in shares of Garrett Motion Inc. (NYSE:GTX – Free Report) by 43.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,536 shares of the company’s stock after purchasing an additional 8,407 shares during […]
Operator: Good day. My name is Sarah and I ll be your operator this morning. I would like to welcome everyone to the Garrett Motion Second Quarter Financial Results Conference Call.
27.07.2023 - Second Quarter 2023 Highlights Net sales totaled $1,011 million, up 18% on a reported basis, up 19% at constant currency Net income totaled $71 million; Net income margin 7.0%Adjusted EBITDA totaled $170 million; Adjusted EBITDA margin of .