Sierra Wireless (USA) (SWIR) : New Harbor Financial Group added new position in Sierra Wireless (USA) during the most recent quarter end. The investment management firm now holds 28,700 shares of Sierra Wireless (USA) which is valued at $498,232 , the company said in a statement filed on Jul 19, 2016 with the SEC.Sierra Wireless (USA) makes up approximately 0.68% of New Harbor Financial Group’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in SWIR by selling 200 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 9,025 shares of SWIR which is valued at $156,223.Cutler Group Lp reduced its stake in SWIR by selling 1,840 shares or 19.24% in the most recent quarter. The Hedge Fund company now holds 7,723 shares of SWIR which is valued at $133,685. Sierra Wireless (USA) makes up approx 0.01% of Cutler Group Lp’s portfolio.
Sierra Wireless (USA) opened for trading at $17.1 and hit $17.47 on the upside on Wednesday, eventually ending the session at $17.36, with a gain of 1.40% or 0.24 points. The heightened volatility saw the trading volume jump to 92,316 shares. Company has a market cap of $554 M.
On the company’s financial health, Sierra Wireless (USA) reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.01. The company had revenue of $142.80 million for the quarter, compared to analysts expectations of $139.85 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
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.