Garmin LTD. (NASDAQ:GRMN) Reports Increase in Sellers; Strong Momentum for Short Players

Garmin Ltd. (NASDAQ:GRMN) Logo

Investors sentiment decreased to 1.29 in 2018 Q4. Its down 0.11, from 1.4 in 2018Q3. It dropped, as 30 investors sold Garmin Ltd. shares while 110 reduced holdings. 58 funds opened positions while 122 raised stakes. 80.59 million shares or 3.30% more from 78.02 million shares in 2018Q3 were reported.
Smithfield holds 0% or 55 shares in its portfolio. Signaturefd Limited Liability Co invested in 0.01% or 1,624 shares. Macquarie Gp Limited invested in 5,100 shares. Two Sigma Securities Ltd Com has 0% invested in Garmin Ltd. (NASDAQ:GRMN). Grantham Mayo Van Otterloo Company Limited Liability Company invested in 0.05% or 91,687 shares. Mason Street Advisors Lc accumulated 0.03% or 17,036 shares. National Bank & Trust Of Ny Mellon owns 1.37M shares for 0.03% of their portfolio. Destination Wealth Management has invested 0% in Garmin Ltd. (NASDAQ:GRMN). First Hawaiian Savings Bank reported 513 shares. Stevens Management L P owns 0.07% invested in Garmin Ltd. (NASDAQ:GRMN) for 20,168 shares. Summit Fin Wealth Advisors Ltd owns 80,589 shares. Pggm Invests owns 0.22% invested in Garmin Ltd. (NASDAQ:GRMN) for 592,807 shares. Piedmont Inv Advisors owns 73,229 shares or 0.22% of their US portfolio. Moreover, Principal Financial Group has 0.04% invested in Garmin Ltd. (NASDAQ:GRMN) for 620,108 shares. Contravisory Invest Management holds 2.3% or 84,217 shares.

The stock of Garmin LTD. (NASDAQ:GRMN) registered an increase of 2.91% in short interest. GRMN’s total short interest was 7.15 million shares in May as published by FINRA. Its up 2.91% from 6.95M shares, reported previously. With 806,700 shares average volume, it will take short sellers 9 days to cover their GRMN’s short positions. The short interest to Garmin LTD.’s float is 6.22%.

The stock decreased 0.76% or $0.59 during the last trading session, reaching $76.65. About 219,154 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 43.97% since May 31, 2018 and is uptrending. It has outperformed by 39.60% the S&P500.

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 $14.55 billion. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. It has a 20.61 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.

Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage

Among 3 analysts covering Garmin (NASDAQ:GRMN), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Garmin had 10 analyst reports since January 7, 2019 according to SRatingsIntel. The company was maintained on Wednesday, February 20 by Robert W. Baird. The rating was maintained by Longbow on Tuesday, February 19 with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, January 7 report. Morgan Stanley maintained Garmin Ltd. (NASDAQ:GRMN) rating on Thursday, February 21. Morgan Stanley has “Hold” rating and $77 target. As per Monday, February 25, the company rating was maintained by Credit Suisse.

More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Nasdaq.com which released: “Garmin Earnings: GRMN Stock Soars on Big Q4 Beat – Nasdaq” on February 20, 2019, also Bizjournals.com with their article: “Lawsuit questions Garmin’s ‘lifetime’ maps – Kansas City Business Journal” published on May 24, 2019, Seekingalpha.com published: “Garmin Ltd. (GRMN) CEO Cliff Pemble on Q1 2019 Results – Earnings Call Transcript – Seeking Alpha” on May 01, 2019. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: Nasdaq.com and their article: “Why Garmin, Molson Coors Brewing, and Clorox Slumped Today – Nasdaq” published on May 01, 2019 as well as Nasdaq.com‘s news article titled: “PHG or GRMN: Which Is the Better Value Stock Right Now? – Nasdaq” with publication date: February 06, 2019.

Garmin Ltd. (NASDAQ:GRMN) Ratings Chart

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