Sierra Wireless (USA) (SWIR) : Horrell Capital Management scooped up 61,000 additional shares in Sierra Wireless (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 340,000 shares of Sierra Wireless (USA) which is valued at $5,497,800.Sierra Wireless (USA) makes up approximately 3.38% of Horrell Capital Management’s portfolio.
Sierra Wireless (USA) opened for trading at $16.1 and hit $16.3 on the upside on Wednesday, eventually ending the session at $16.06, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 1,69,709 shares. Company has a market cap of $519 M.
Other Hedge Funds, Including , Baker Chad R sold out all of its stake in SWIR during the most recent quarter. The investment firm sold 155,725 shares of SWIR which is valued $2,518,073.Simplex Trading boosted its stake in SWIR in the latest quarter, The investment management firm added 15,973 additional shares and now holds a total of 40,448 shares of Sierra Wireless (USA) which is valued at $628,157. Sierra Wireless (USA) makes up approx 0.10% of Simplex Trading’s portfolio.Creative Planning boosted its stake in SWIR in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 9,225 shares of Sierra Wireless (USA) which is valued at $140,128.
On the company’s financial health, Sierra Wireless (USA) reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.10. The company had revenue of $144.80 million for the quarter, compared to analysts expectations of $149.36 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on Sierra Wireless (USA). Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 20 from a previous price target of $27 .
Sierra Wireless Inc. is a provider of cellular wireless solutions to the machine-to-machine (M2M) and connected device markets. The Company develops and markets a range of wireless products that include embedded modules and embedded software for original equipment manufacturers (OEMs) gateways and routers for industrial commercial and public safety applications and a cloud-based platform for delivering device management and enabling end-to-end applications. The company’s products services and solutions connect people their mobile computers and machines to wireless voice and data networks around the world. The Company operates through two segments: OEM Solutions which includes AirPrime embedded wireless modules (including embedded wireless modules for PC OEM customers) and Enterprise Solutions which includes Airlink Intelligent Gateways AirVantage M2M Cloud and InMotion Solutions.