October 1, 2017 – By Louis Casey
Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.42, from 1.54 in 2017Q1. It fall, as 39 investors sold Garmin Ltd. shares while 106 reduced holdings. 41 funds opened positions while 121 raised stakes. 71.31 million shares or 4.03% less from 74.31 million shares in 2017Q1 were reported.
Ny State Common Retirement Fund invested in 0.02% or 265,000 shares. Proshare Advisors Lc invested in 0.02% or 46,911 shares. 10,000 were reported by Wellington Shields Cap Mgmt Ltd Liability. Bnp Paribas Arbitrage Sa, a New York-based fund reported 96,563 shares. Asset Mgmt One reported 2,828 shares or 0% of all its holdings. Whittier Tru Co Of Nevada stated it has 0% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Hancock Holding Communications invested in 246,825 shares. Riverhead Cap Mgmt Llc reported 0.06% stake. Atria Investments Limited Liability Company has invested 0.15% in Garmin Ltd. (NASDAQ:GRMN). Stevens Cap L P has 5,804 shares. Employees Retirement Sys Of Texas holds 0% in Garmin Ltd. (NASDAQ:GRMN) or 6,000 shares. Ameritas Inv Prtnrs reported 0.01% stake. Kentucky Retirement stated it has 0.03% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Dupont Corp invested in 775 shares. Macquarie Grp Inc Ltd stated it has 0% in Garmin Ltd. (NASDAQ:GRMN).
Since May 26, 2017, it had 0 insider buys, and 2 insider sales for $15.67 million activity.
Investors wait Garmin Ltd. (NASDAQ:GRMN) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.66 earnings per share, down $0.09 or 12.00 % from last year’s $0.75 same quarter earnings. This translates into $130.73M profit for GRMN giving the stock a 20.44 P/E. This is assuming the current $0.66 EPS is accurate. Garmin Ltd.’s Wall Street analysts see -25.00 % negative EPS growth, taking into account the $0.88 EPS reproted in the previous quarter, The stock decreased 0.13% or $0.07 on September 29, reaching $53.97. About 780,394 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since October 1, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.
Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage
Among 15 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 8 Hold. Therefore 20% are positive. Garmin Ltd. had 26 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Wednesday, August 24 by Goldman Sachs. Longbow initiated Garmin Ltd. (NASDAQ:GRMN) on Wednesday, August 17 with “Neutral” rating. The rating was upgraded by JP Morgan to “Neutral” on Monday, October 19. The rating was maintained by Credit Suisse on Thursday, February 18 with “Underperform”. The company was downgraded on Monday, August 22 by Raymond James. The stock has “Outperform” rating by RBC Capital Markets on Thursday, October 15. The rating was maintained by Morgan Stanley with “Hold” on Monday, July 31. The rating was downgraded by Bank of America on Thursday, August 4 to “Underperform”. RBC Capital Markets maintained Garmin Ltd. (NASDAQ:GRMN) on Thursday, July 30 with “Outperform” rating. The company was initiated on Tuesday, September 29 by Sterne Agee CRT.
Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has market cap of $10.69 billion. The Firm operates through five divisions. It has a 15.21 P/E ratio. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market.
More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Businesswire.com which released: “introduces Panoptix Ice Bundle with new ice fishing transducer, a hard water …” on September 12, 2017, also Streetinsider.com with their article: “Garmin Ltd. (GRMN) Disagrees with Verdict in Latest Navico Patent Lawsuit” published on September 08, 2017, Businesswire.com published: “Garmin® Boosts Its 5.7K VIRB® 360 Camera with State-of-the-Art Updates …” on September 21, 2017. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: Businesswire.com and their article: “Garmin® and Disney bring motivation and imagination to the playground with the …” published on September 27, 2017 as well as Nasdaq.com‘s news article titled: “Garmin Ltd. (GRMN) Ex-Dividend Date Scheduled for September 13, 2017” with publication date: September 12, 2017.
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