Emancipation Management LLC purchased a new position in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 9,935 shares of the communications equipment provider’s stock, valued at approximately $203,000.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in Sierra Wireless during the second quarter worth about $136,000. Shell Asset Management Co. grew its holdings in Sierra Wireless by 149.0% during the third quarter. Shell Asset Management Co. now owns 7,307 shares of the communications equipment provider’s stock worth $219,000 after purchasing an additional 4,373 shares during the period. SeaCrest Wealth Management LLC bought a new position in Sierra Wireless during the fourth quarter worth about $162,000. Northern Trust Corp bought a new position in Sierra Wireless during the second quarter worth about $301,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Sierra Wireless by 67.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,799 shares of the communications equipment provider’s stock worth $297,000 after acquiring an additional 5,575 shares during the period. Institutional investors and hedge funds own 24.94% of the company’s stock.
Shares of Sierra Wireless, Inc. (NASDAQ:SWIR) opened at $16.35 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.66 and a quick ratio of 1.36. Sierra Wireless, Inc. has a 1 year low of $15.10 and a 1 year high of $31.95. The firm has a market cap of $575.58, a P/E ratio of 27.20 and a beta of 2.71.
About Sierra Wireless
Sierra Wireless, Inc is engaged in building the Internet of Things (IoT) with wireless solutions for organizations. The Company’s OEM Solution segment offers cellular embedded wireless modules for IoT connectivity, including an embedded application framework to support customer applications. The Company’s Enterprise Solution segment offers intelligent routers and gateways, including management tools and applications that enable cellular connectivity.
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