Wbi Investments Has Cut Its Garmin LTD (GRMN) Holding; Shorts at EXCHANGE INCOME ORDINARY SHARES C (EIFZF) Raised By 15.99%

May 13, 2018 - By Stephen Andrade

Garmin Ltd. (NASDAQ:GRMN) Logo

Wbi Investments Inc decreased Garmin Ltd (GRMN) stake by 54.31% reported in 2017Q4 SEC filing. Wbi Investments Inc sold 57,812 shares as Garmin Ltd (GRMN)’s stock declined 1.76%. The Wbi Investments Inc holds 48,630 shares with $2.90M value, down from 106,442 last quarter. Garmin Ltd now has $11.18B valuation. The stock increased 0.17% or $0.1 during the last trading session, reaching $59.29. About 639,803 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 14.52% since May 13, 2017 and is uptrending. It has outperformed by 2.97% the S&P500.

EXCHANGE INCOME CORP ORDINARY SHARES C (OTCMKTS:EIFZF) had an increase of 15.99% in short interest. EIFZF’s SI was 2.36 million shares in May as released by FINRA. Its up 15.99% from 2.04M shares previously. With 20,600 avg volume, 115 days are for EXCHANGE INCOME CORP ORDINARY SHARES C (OTCMKTS:EIFZF)’s short sellers to cover EIFZF’s short positions. The SI to EXCHANGE INCOME CORP ORDINARY SHARES C’s float is 8.38%. It closed at $24.6476 lastly. It is down 0.00% since May 13, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.29, from 1.37 in 2017Q3. It turned negative, as 31 investors sold GRMN shares while 121 reduced holdings. 58 funds opened positions while 106 raised stakes. 72.31 million shares or 2.58% less from 74.22 million shares in 2017Q3 were reported. Ubs Asset Mgmt Americas Inc reported 1.07M shares. Wellington Shields Cap Mngmt Limited Liability Corp has invested 0.09% in Garmin Ltd. (NASDAQ:GRMN). Kentucky Retirement System has invested 0.03% in Garmin Ltd. (NASDAQ:GRMN). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has invested 0.09% in Garmin Ltd. (NASDAQ:GRMN). Los Angeles Cap Mngmt Equity stated it has 0.05% in Garmin Ltd. (NASDAQ:GRMN). Canal Ins Company has invested 1.67% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Live Your Vision Limited Liability holds 0% or 108 shares in its portfolio. Dimensional Fund Advsr LP invested in 1.28 million shares. Aperio Grp Limited Liability Corp has invested 0.02% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). State Of Tennessee Treasury Department stated it has 28,706 shares or 0.01% of all its holdings. Axa stated it has 0% in Garmin Ltd. (NASDAQ:GRMN). Bnp Paribas Arbitrage Sa has invested 0% in Garmin Ltd. (NASDAQ:GRMN). Cipher LP holds 0.14% or 28,654 shares. Schwab Charles Inv Mgmt holds 0.04% or 744,410 shares in its portfolio. Moody Bank & Trust Trust Division holds 4,000 shares.

Wbi Investments Inc increased International Business Machs (NYSE:IBM) stake by 65,212 shares to 71,002 valued at $10.89 million in 2017Q4. It also upped Eastman Chem Co (NYSE:EMN) stake by 13,709 shares and now owns 47,842 shares. Vaneck Vectors Etf Tr was raised too.

Since December 13, 2017, it had 0 buys, and 14 selling transactions for $138.51 million activity. 4,800 shares were sold by Huang Pao-Chang, worth $289,776 on Thursday, March 15. KAO MIN H sold $6.69 million worth of stock or 111,457 shares. Shares for $232,944 were sold by ELLER DONALD on Wednesday, May 9. Another trade for 755 shares valued at $45,904 was made by Biddlecombe Sean on Wednesday, December 13. Shares for $116,917 were sold by ETKIND ANDREW R on Friday, February 23. Another trade for 9,905 shares valued at $599,708 was made by Peffer Charles on Friday, February 23. 36,208 shares were sold by PEMBLE CLIFTON A, worth $2.35 million.

Another recent and important Garmin Ltd. (NASDAQ:GRMN) news was published by Seekingalpha.com which published an article titled: “Garmin (GRMN) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018.

Among 16 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 19% are positive. Garmin Ltd. had 33 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, November 1. The rating was upgraded by Raymond James on Tuesday, August 25 to “Mkt Perform”. The firm has “Neutral” rating given on Monday, October 19 by JP Morgan. Longbow upgraded Garmin Ltd. (NASDAQ:GRMN) on Wednesday, July 19 to “Buy” rating. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Neutral” rating by Longbow on Wednesday, August 17. The firm has “Buy” rating given on Friday, December 15 by Tigress Financial. The firm has “Mkt Perform” rating by Raymond James given on Monday, August 22. RBC Capital Markets maintained it with “Outperform” rating and $40 target in Thursday, October 15 report. The stock has “Underweight” rating by JP Morgan on Thursday, February 18. JP Morgan downgraded the stock to “Underweight” rating in Thursday, July 30 report.

Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company has market cap of $790.55 million. It operates through two divisions, Aerospace & Aviation, and Manufacturing. It has a 13.95 P/E ratio. The Aerospace & Aviation segment scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut; and scheduled airline and charter service in Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia.

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