Vident Investment Advisory LLC Raises Holdings in Sierra Wireless, Inc. (NASDAQ:SWIR)

Vident Investment Advisory LLC lifted its holdings in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) by 97.3% in the second quarter, HoldingsChannel reports. The firm owned 47,874 shares of the communications equipment provider’s stock after acquiring an additional 23,614 shares during the period. Vident Investment Advisory LLC’s holdings in Sierra Wireless were worth $909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Trexquant Investment LP purchased a new stake in Sierra Wireless in the 2nd quarter worth approximately $242,000. Trigran Investments Inc. grew its stake in Sierra Wireless by 1.8% in the 2nd quarter. Trigran Investments Inc. now owns 4,834,318 shares of the communications equipment provider’s stock worth $91,803,000 after acquiring an additional 84,588 shares during the period. Penserra Capital Management LLC grew its stake in Sierra Wireless by 13.1% in the 2nd quarter. Penserra Capital Management LLC now owns 396,852 shares of the communications equipment provider’s stock worth $7,536,000 after acquiring an additional 45,968 shares during the period. Dimensional Fund Advisors LP grew its stake in Sierra Wireless by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 154,367 shares of the communications equipment provider’s stock worth $2,931,000 after acquiring an additional 700 shares during the period. Finally, Segall Bryant & Hamill LLC grew its stake in Sierra Wireless by 2.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 965,765 shares of the communications equipment provider’s stock worth $18,341,000 after acquiring an additional 22,470 shares during the period. 55.34% of the stock is owned by institutional investors and hedge funds.

Shares of SWIR opened at $15.96 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.14. The firm has a market cap of $593.15 million, a PE ratio of -11.57 and a beta of 2.20. The company’s fifty day moving average is $16.23 and its two-hundred day moving average is $16.32. Sierra Wireless, Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $22.22.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Thursday, August 12th. The communications equipment provider reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.35. The business had revenue of $132.79 million for the quarter, compared to analyst estimates of $119.19 million. Sierra Wireless had a negative net margin of 10.72% and a negative return on equity of 13.69%. As a group, equities research analysts anticipate that Sierra Wireless, Inc. will post -1.87 earnings per share for the current year.

Several analysts have commented on the stock. Raymond James lowered their target price on shares of Sierra Wireless from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, August 13th. TD Securities lowered their target price on shares of Sierra Wireless from $19.50 to $17.00 and set a “hold” rating for the company in a research note on Friday, August 13th. Craig Hallum assumed coverage on shares of Sierra Wireless in a research note on Thursday, June 24th. They issued a “buy” rating and a $22.00 target price for the company. Zacks Investment Research cut shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research note on Wednesday, August 18th. Finally, CIBC decreased their price target on shares of Sierra Wireless from $14.00 to $13.00 and set an “underperform” rating on the stock in a report on Wednesday, August 18th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Sierra Wireless has an average rating of “Hold” and an average target price of $19.27.

Sierra Wireless Company Profile

Sierra Wireless, Inc engages in the provision of device-to-cloud and networking solutions. It operates through the following segments: Embedded Broadband and Internet-of-Things Solutions (IoT). The Embedded Broadband segment is comprised of cellular embedded modules that are typically used in non-industrial applications, namely Automobile, Mobile Computing and Enterprise Networking markets.

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Institutional Ownership by Quarter for Sierra Wireless (NASDAQ:SWIR)

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