Horrell Capital Management buys $5,497,800 stake in Sierra Wireless (USA) (SWIR)

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.

One Response

  1. tom coffey April 28, 2016

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