Sierra Wireless (USA) (SWIR) : Horrell Capital Management reduced its stake in Sierra Wireless (USA) by 35.29% during the most recent quarter end. The investment management company now holds a total of 220,000 shares of Sierra Wireless (USA) which is valued at $3,960,000 after selling 120,000 shares in Sierra Wireless (USA) , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Sierra Wireless (USA) makes up approximately 2.47% of Horrell Capital Management’s portfolio.
Other Hedge Funds, Including , Wealthtrust Axiom added SWIR to its portfolio by purchasing 10,640 company shares during the most recent quarter which is valued at $191,520. Sierra Wireless (USA) makes up approx 0.07% of Wealthtrust Axiom’s portfolio. Palo Capital added SWIR to its portfolio by purchasing 19,400 company shares during the most recent quarter which is valued at $338,918. Sierra Wireless (USA) makes up approx 0.11% of Palo Capital’s portfolio.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.
Sierra Wireless (USA) closed down -0.25 points or -1.39% at $17.77 with 1,18,774 shares getting traded on Friday. Post opening the session at $18, the shares hit an intraday low of $17.71 and an intraday high of $18.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.