Garmin LTD (NASDAQ:GRMN) Move as Institutional Investors’ Sentiment Drops

Garmin Ltd. (NASDAQ:GRMN) Logo

Sentiment for Garmin LTD (NASDAQ:GRMN)

Garmin LTD (NASDAQ:GRMN) institutional sentiment decreased to 1.28 in Q1 2019. Its down -0.01, from 1.29 in 2018Q4. The ratio is negative, as 203 active investment managers increased or opened new positions, while 159 decreased and sold their holdings in Garmin LTD. The active investment managers in our partner’s database now possess: 80.85 million shares, up from 80.59 million shares in 2018Q4. Also, the number of active investment managers holding Garmin LTD in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 26 Reduced: 133 Increased: 123 New Position: 80.

Garmin Ltd., together with its subsidiaries, designs, develops, makes, markets, and distributes a range of navigation, communication, and information devices worldwide. The company has market cap of $14.58 billion. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. It has a 19.77 P/E ratio. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

The stock decreased 3.02% or $2.39 during the last trading session, reaching $76.7. About 664,445 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 26.96% since August 14, 2018 and is uptrending. It has outperformed by 26.96% the S&P500.

Contravisory Investment Management Inc. holds 2.71% of its portfolio in Garmin Ltd. for 80,964 shares. Diversified Investment Strategies Llc owns 31,201 shares or 2.56% of their US portfolio. Moreover, Disciplined Growth Investors Inc Mn has 2.4% invested in the company for 1.59 million shares. The Missouri-based Jag Capital Management Llc has invested 2.05% in the stock. Summit Financial Wealth Advisors Llc, a Louisiana-based fund reported 78,523 shares.

Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage

Ratings analysis reveals 0 of Garmin Ltd’s analysts are positive. Out of 3 Wall Street analysts rating Garmin Ltd, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $71 while the high is $80. The stock’s average target of $75.75 is -1.24% below today’s ($76.7) share price. GRMN was included in 10 notes of analysts from February 19, 2019. The rating was maintained by Robert W. Baird on Wednesday, February 20 with “Hold”. The stock of Garmin Ltd. (NASDAQ:GRMN) has “Sell” rating given on Monday, February 25 by Credit Suisse. The company was maintained on Thursday, February 21 by Morgan Stanley. The firm has “Buy” rating by Longbow given on Tuesday, February 19.

More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Nasdaq.com which released: “Garmin’s (GRMN) Q2 Earnings & Revenues Surpass Estimates – Nasdaq” on July 31, 2019, also Seekingalpha.com with their article: “New Launches Will Propel Garmin – Seeking Alpha” published on August 02, 2019, Businesswire.com published: “GarminĀ® secures naming rights for new Olathe soccer complex – Business Wire” on August 09, 2019. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: Benzinga.com and their article: “Garmin’s Q2 Earnings Preview – Benzinga” published on July 30, 2019 as well as Nasdaq.com‘s news article titled: “DKILY vs. GRMN: Which Stock Is the Better Value Option? – Nasdaq” with publication date: July 18, 2019.

Garmin Ltd. (NASDAQ:GRMN) Ratings Chart

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