Brighton Jones buys $6,011,602 stake in Sierra Wireless (USA) (SWIR)

Sierra Wireless (USA) (SWIR) : Brighton Jones scooped up 310,804 additional shares in Sierra Wireless (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 350,940 shares of Sierra Wireless (USA) which is valued at $6,011,602.Sierra Wireless (USA) makes up approximately 1.03% of Brighton Jones’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in SWIR by selling 3,800 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 87,097 shares of SWIR which is valued at $1,491,972. Sierra Wireless (USA) makes up approx 0.02% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Spot Trading L.l.c boosted its stake in SWIR in the latest quarter, The investment management firm added 1,816 additional shares and now holds a total of 3,044 shares of Sierra Wireless (USA) which is valued at $52,144. Sierra Wireless (USA) makes up approx 0.01% of Spot Trading L.l.c’s portfolio.Horrell Capital Management reduced its stake in SWIR by selling 120,000 shares or 35.29% in the most recent quarter. The Hedge Fund company now holds 220,000 shares of SWIR which is valued at $3,960,000. Sierra Wireless (USA) makes up approx 2.47% of Horrell Capital Management’s portfolio.Msi Financial Services Inc reduced its stake in SWIR by selling 200 shares or 53.19% in the most recent quarter. The Hedge Fund company now holds 176 shares of SWIR which is valued at $3,168. New Harbor Financial Group added SWIR to its portfolio by purchasing 28,700 company shares during the most recent quarter which is valued at $498,232. Sierra Wireless (USA) makes up approx 0.68% of New Harbor Financial Group’s portfolio.

Sierra Wireless (USA) opened for trading at $13.91 and hit $14.63 on the upside on Monday, eventually ending the session at $14.4, with a gain of 3.30% or 0.46 points. The heightened volatility saw the trading volume jump to 6,09,975 shares. Company has a market cap of $461 M.

On the company’s financial health, Sierra Wireless (USA) reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.12. The company had revenue of $156.23 million for the quarter, compared to analysts expectations of $154.95 million. The company’s revenue was down -1.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Sierra Wireless (USA). Sierra Wireless (USA) was Downgraded by CIBC to ” Sector Underperform” on Aug 5, 2016.

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.

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