Sierra Wireless (USA) (SWIR) : Lincluden Management Ltd added new position in Sierra Wireless (USA) during the most recent quarter end. The investment management firm now holds 1,545 shares of Sierra Wireless (USA) which is valued at $24,983 , the company said in a statement filed on Apr 21, 2016 with the SEC.
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 , Horrell Capital Management boosted its stake in SWIR in the latest quarter, The investment management firm added 61,000 additional shares and now holds a total of 340,000 shares of Sierra Wireless (USA) which is valued at $5,497,800. Sierra Wireless (USA) makes up approx 3.38% of Horrell Capital Management’s portfolio. Fox Run Management L.l.c. sold out all of its stake in SWIR during the most recent quarter. The investment firm sold 22,000 shares of SWIR which is valued $355,740. Palo Capital sold out all of its stake in SWIR during the most recent quarter. The investment firm sold 28,770 shares of SWIR which is valued $465,211.
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.