Inside Sale: Min Kao Sold 225,451 Shares of Garmin Ltd. (GRMN); Ep Energy (EPE) Sentiment Is 0.76

May 22, 2018 - By Winifred Garcia

Garmin Ltd. (NASDAQ:GRMN) Logo

Ep Energy Corp (EPE) investors sentiment decreased to 0.76 in 2017 Q4. It’s down -0.16, from 0.92 in 2017Q3. The ratio dived, as 34 investment professionals increased and opened new equity positions, while 45 cut down and sold their positions in Ep Energy Corp. The investment professionals in our database now have: 174.98 million shares, down from 175.66 million shares in 2017Q3. Also, the number of investment professionals holding Ep Energy Corp in top ten equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 17 Reduced: 28 Increased: 25 New Position: 9.

Analysts await EP Energy Corporation (NYSE:EPE) to report earnings on August, 1. They expect $-0.04 earnings per share, up 60.00% or $0.06 from last year’s $-0.1 per share. After $-0.07 actual earnings per share reported by EP Energy Corporation for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

Ratings analysis reveals 0 of EP Energy’s analysts are positive. Out of 4 Wall Street analysts rating EP Energy, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $4.5 while the high is $5.0. The stock’s average target of $4.75 is 43.50% above today’s ($3.31) share price. EPE was included in 4 notes of analysts from September 13, 2016. The stock of EP Energy Corporation (NYSE:EPE) earned “Mkt Perform” rating by FBR Capital on Tuesday, September 13. The stock of EP Energy Corporation (NYSE:EPE) has “Sell” rating given on Wednesday, January 4 by Citigroup. As per Wednesday, September 21, the company rating was upgraded by Goldman Sachs. Stifel Nicolaus initiated it with “Hold” rating and $5.0 target in Thursday, April 13 report.

Apollo Management Holdings L.P. holds 4.43% of its portfolio in EP Energy Corporation for 112.60 million shares. Columbia Pacific Advisors Llc owns 884,465 shares or 3.11% of their US portfolio. Moreover, Riverstone Holdings Llc has 2.86% invested in the company for 31.28 million shares. The New York-based King Street Capital Management L.P. has invested 0.74% in the stock. Fir Tree Capital Management Lp, a New York-based fund reported 2.14 million shares.

The stock increased 0.91% or $0.03 during the last trading session, reaching $3.31. About 2.09 million shares traded or 103.30% up from the average. EP Energy Corporation (EPE) has declined 67.45% since May 22, 2017 and is downtrending. It has underperformed by 79.00% the S&P500.

EP Energy Corporation, an independent exploration and production company, engages in the exploration for and the acquisition, development, and production of oil, natural gas, and natural gas liquids in the United States. The company has market cap of $833.83 million. The firm has interests in three primary areas, such as the Eagle Ford Shale located in South Texas; the Wolfcamp Shale located in Permian Basin in West Texas; and the Altamont Field located in the Uinta Basin in Northeastern Utah. It currently has negative earnings. As of December 31, 2016, it had proved reserves of 432.4 million barrels of oil equivalent and had average net daily production of 87,641 barrel of oil equivalent/per day.

Among 16 analysts covering Garmin Ltd. (NASDAQ:GRMN), 3 have Buy rating, 4 Sell and 9 Hold. Therefore 19% are positive. Garmin Ltd. has $60 highest and $12 lowest target. $42.22’s average target is -30.11% below currents $60.41 stock price. Garmin Ltd. had 33 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by DA Davidson on Friday, September 11 with “Neutral”. JP Morgan downgraded Garmin Ltd. (NASDAQ:GRMN) rating on Thursday, July 30. JP Morgan has “Underweight” rating and $40 target. The firm earned “Neutral” rating on Thursday, February 22 by Robert W. Baird. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Neutral” rating by Dougherty & Company on Thursday, October 15. The firm has “Underweight” rating by JP Morgan given on Thursday, February 18. The company was downgraded on Monday, August 22 by Raymond James. On Friday, January 15 the stock rating was downgraded by Credit Suisse to “Underperform”. The rating was maintained by Credit Suisse on Tuesday, December 12 with “Sell”. On Monday, May 7 the stock rating was downgraded by Credit Suisse to “Sell”. On Wednesday, July 19 the stock rating was upgraded by Longbow to “Buy”.

More notable recent Garmin Ltd. (NASDAQ:GRMN) news were published by: which released: “Earnings Show Another ‘Working Smart’ Win for Garmin Ltd.” on May 02, 2018, also with their article: “3 Dividend Stocks I’d Buy Right Now” published on May 20, 2018, published: “Increased pace pushes Garmin co-founder’s stock sales over $120M” on May 14, 2018. More interesting news about Garmin Ltd. (NASDAQ:GRMN) were released by: and their article: “20 High-Dividend Stocks With Too Much Cash to Count” published on May 18, 2018 as well as‘s news article titled: “3 Wearable Stocks to Buy That Aren’t Apple Stock” with publication date: May 17, 2018.

Analysts await Garmin Ltd. (NASDAQ:GRMN) to report earnings on August, 1. They expect $0.87 earnings per share, down 1.14% or $0.01 from last year’s $0.88 per share. GRMN’s profit will be $164.02M for 17.36 P/E if the $0.87 EPS becomes a reality. After $0.68 actual earnings per share reported by Garmin Ltd. for the previous quarter, Wall Street now forecasts 27.94% EPS growth.

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.29, from 1.37 in 2017Q3. It dropped, as 31 investors sold Garmin Ltd. 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. Garrison reported 3,550 shares stake. Goldman Sachs Gru has 1.15M shares. Susquehanna Grp Llp invested in 0% or 39,247 shares. Mitsubishi Ufj holds 170 shares or 0.04% of its portfolio. Summit Grp Inc Limited Liability Co invested in 3,500 shares. Moody Bancorp Trust Division stated it has 0.01% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Panagora Asset Management Incorporated reported 519,057 shares. Swiss Natl Bank invested 0.03% in Garmin Ltd. (NASDAQ:GRMN). Northwestern Mutual Wealth Mngmt accumulated 0% or 78 shares. Baker Avenue Asset Mgmt Limited Partnership holds 0.02% or 3,669 shares in its portfolio. Td Asset accumulated 0.04% or 425,988 shares. 66,724 are held by Valicenti Advisory Service Incorporated. Cambridge Invest Research Advsr Inc has 19,838 shares for 0.01% of their portfolio. The Illinois-based Driehaus Capital Management Lc has invested 0.04% in Garmin Ltd. (NASDAQ:GRMN). Exane Derivatives holds 0% or 27 shares in its portfolio.

The stock increased 1.09% or $0.65 during the last trading session, reaching $60.41. About 446,492 shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 14.52% since May 22, 2017 and is uptrending. It has outperformed by 2.97% the S&P500.

Min Kao currently the Executive Chairman of Garmin Ltd a few days ago unloaded 225,451 shares of the Pinksheet-listed company. The substantial insider transaction has $13,474,911 US Dollars total value, at the average stock value of $59.8. Min is trying to silently decrease his company’s share, same as he did in the last 30 days. He sold another 2,096,408 shares worth $125,299,085 USD. Being a significant deal, it will probably not go disregarded. Min Kao today holds 18.92% of the Company’s market capitalization with ownership of 35.67 million shares. 

EP Energy Corporation (NYSE:EPE) Institutional Positions Chart

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