Catalina Capital Group LLC Buys 73 Shares of Garmin Ltd. (NYSE:GRMN)

Catalina Capital Group LLC boosted its stake in shares of Garmin Ltd. (NYSE:GRMN) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,491 shares of the scientific and technical instruments company’s stock after purchasing an additional 73 shares during the period. Catalina Capital Group LLC’s holdings in Garmin were worth $308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Garmin in the 4th quarter worth $29,000. Larson Financial Group LLC boosted its position in Garmin by 578.6% in the third quarter. Larson Financial Group LLC now owns 190 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 162 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Garmin during the 3rd quarter valued at about $39,000. Capital Performance Advisors LLP purchased a new stake in shares of Garmin during the 3rd quarter valued at about $59,000. Finally, Versant Capital Management Inc lifted its stake in shares of Garmin by 78.0% in the 4th quarter. Versant Capital Management Inc now owns 493 shares of the scientific and technical instruments company’s stock worth $102,000 after purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Garmin Trading Down 0.1 %

Shares of GRMN opened at $215.57 on Tuesday. The business’s 50 day moving average is $212.61 and its 200 day moving average is $190.98. Garmin Ltd. has a 12-month low of $119.31 and a 12-month high of $222.97. The company has a market capitalization of $41.39 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98.

Analyst Ratings Changes

A number of brokerages have commented on GRMN. Morgan Stanley cut shares of Garmin from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $155.00 to $138.00 in a report on Monday, October 7th. Barclays raised their target price on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a report on Friday, November 1st. Finally, Tigress Financial boosted their price target on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Garmin presently has a consensus rating of “Hold” and a consensus target price of $171.00.

Insider Transactions at Garmin

In other news, CFO Douglas G. Boessen sold 1,761 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the sale, the chief financial officer now directly owns 27,612 shares in the company, valued at approximately $5,743,019.88. This represents a 6.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sean Biddlecombe sold 587 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $210.10, for a total value of $123,328.70. Following the sale, the director now owns 6,147 shares in the company, valued at approximately $1,291,484.70. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.54% of the company’s stock.

About Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.