Garmin Ltd. (NYSE:GRMN) Shares Sold by Lion Street Advisors LLC

Lion Street Advisors LLC cut its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 2.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,686 shares of the scientific and technical instruments company’s stock after selling 121 shares during the period. Lion Street Advisors LLC’s holdings in Garmin were worth $1,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new stake in shares of Garmin in the 4th quarter valued at approximately $29,000. Larson Financial Group LLC increased its holdings 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 valued at $33,000 after buying an additional 162 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Garmin in the third quarter valued at $39,000. Hager Investment Management Services LLC purchased a new stake in Garmin during the 4th quarter worth about $52,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Garmin during the 3rd quarter worth about $59,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays boosted their target price on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a research note on Friday, November 1st. Tigress Financial upped their target price on shares of 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 given a strong buy rating to the company. Based on data from MarketBeat, Garmin presently has a consensus rating of “Hold” and a consensus target price of $171.00.

Insider Activity

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

Garmin Price Performance

GRMN stock opened at $218.22 on Wednesday. Garmin Ltd. has a 12 month low of $119.31 and a 12 month high of $222.97. The company has a market cap of $41.90 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.30 and a beta of 0.98. The company has a fifty day moving average price of $212.63 and a 200 day moving average price of $191.30.

Garmin Company Profile

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.