Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Cyrus Capital Partners (WA:CPAP), a ten-percent owner of Garrett Motion Inc (NASDAQ:GTX), a company currently valued at $2.28 billion with strong financial health according to InvestingPro analysis, sold 300,000 shares of common stock on July 7, 2025, according to a recent SEC Filing. The shares were sold at a weighted average price of $11.1033, resulting in a total transaction value of $3,330,990.
The prices for the shares sold ranged from $11.00 to $11.15. Following the transaction, Cyrus Capital Partners still owns 23,133,686 shares of Garrett Motion Inc.
Stephen C. Freidheim, as Chief Investment Officer of Cyrus Capital Partners and sole member/manager of Cyrus Capital Partners GP, LLC, signed off on the transaction. With the company’s next earnings report due on July 24, InvestingPro subscribers can access additional insights, including 6 more ProTips and a comprehensive analysis of the company’s financial health.
In other recent news, Garrett Motion has announced a secondary public stock offering involving 17 million shares held by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners. The company will not receive any proceeds from this offering, but it plans to repurchase approximately 2 million shares as part of its $250 million share repurchase program. Additionally, Garrett Motion is showcasing its latest advancements at Auto Shanghai 2025, including the 3-in-1 E-Powertrain and E-Cooling Compressor, which aim to enhance energy efficiency and sustainability in vehicles. The company has partnered with SinoTruk to co-develop a next-generation heavy-duty E-powertrain, with production expected by 2027. Garrett Motion also highlighted its Gen 3 Fuel Cell compressors, which provide efficient and reliable solutions for the hydrogen economy. Meanwhile, BWS Financial has reiterated its Buy rating on Garrett Motion, citing favorable currency movements and limited exposure to U.S. trade uncertainties. The firm noted that the strengthening euro could potentially boost the company’s sales by up to $100 million. These developments reflect Garrett Motion’s ongoing efforts to innovate and adapt in the automotive technology sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.