Horrell Capital Management Inc. held its stake in shares of Sierra Wireless Inc. (NASDAQ:SWIR) during the second quarter, Holdings Channel reports. The institutional investor owned 340,000 shares of the company’s stock at the end of the second quarter. Sierra Wireless makes up approximately 3.1% of Horrell Capital Management Inc.’s holdings, making the stock its 7th largest position. Horrell Capital Management Inc.’s holdings in Sierra Wireless were worth $4,944,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Aperio Group LLC acquired a new stake in shares of Sierra Wireless during the first quarter valued at approximately $372,000. Edmond DE Rothschild Holding S.A. raised its stake in shares of Sierra Wireless by 35.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 45,800 shares of the company’s stock valued at $666,000 after buying an additional 12,000 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Sierra Wireless during the second quarter valued at approximately $881,000. Balter Liquid Alternatives LLC raised its stake in shares of Sierra Wireless by 27.1% in the first quarter. Balter Liquid Alternatives LLC now owns 168,968 shares of the company’s stock valued at $2,457,000 after buying an additional 36,071 shares in the last quarter. Finally, Harvest Capital Strategies LLC acquired a new stake in shares of Sierra Wireless during the first quarter valued at approximately $1,454,000. 19.81% of the stock is currently owned by institutional investors.
Sierra Wireless Inc. (NASDAQ:SWIR) traded down 0.77% during trading on Friday, hitting $14.15. The company’s stock had a trading volume of 146,756 shares. The firm has a market cap of $448.26 million, a PE ratio of 109.69 and a beta of 1.61. Sierra Wireless Inc. has a one year low of $9.69 and a one year high of $25.94. The company has a 50-day moving average of $14.36 and a 200 day moving average of $16.13.
Sierra Wireless (NASDAQ:SWIR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.08. The business earned $156.23 million during the quarter, compared to the consensus estimate of $154.55 million. Sierra Wireless had a net margin of 0.73% and a return on equity of 2.96%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, equities analysts forecast that Sierra Wireless Inc. will post $0.52 earnings per share for the current year.
Several analysts have recently commented on SWIR shares. Zacks Investment Research upgraded Sierra Wireless from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, July 21st. CIBC lowered Sierra Wireless from a “sector perform” rating to a “sector underperform” rating and set a $13.00 price objective for the company. in a report on Friday, August 5th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $17.00 price objective on shares of Sierra Wireless in a report on Monday, September 12th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.44.
About Sierra Wireless
Sierra Wireless, Inc offers second generation (2G), third generation (3G) and fourth generation (4G) cellular embedded wireless modules and gateways. The Company offers products to original equipment manufacturers (OEMs) and enterprises. It operates through three segments: OEM Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
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