Advisor Group Inc. decreased its position in shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) by 51.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,515 shares of the communications equipment provider’s stock after selling 11,308 shares during the quarter. Advisor Group Inc.’s holdings in Sierra Wireless were worth $215,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in Sierra Wireless during the 4th quarter worth approximately $162,000. Emancipation Management LLC bought a new position in Sierra Wireless during the 4th quarter worth approximately $203,000. Northern Trust Corp bought a new position in Sierra Wireless during the 2nd quarter worth approximately $301,000. Global X Management Co. LLC raised its holdings in Sierra Wireless by 54.3% during the 4th quarter. Global X Management Co. LLC now owns 21,825 shares of the communications equipment provider’s stock worth $448,000 after purchasing an additional 7,684 shares during the last quarter. Finally, AXA bought a new position in Sierra Wireless during the 4th quarter worth approximately $461,000. Hedge funds and other institutional investors own 25.74% of the company’s stock.
Shares of SWIR stock opened at $16.20 on Friday. The company has a market cap of $588.15, a PE ratio of 27.93 and a beta of 2.77. Sierra Wireless has a 52 week low of $15.10 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.66 and a quick ratio of 1.36.
Several research analysts have issued reports on the stock. BidaskClub upgraded shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research downgraded shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Royal Bank of Canada reduced their price objective on shares of Sierra Wireless from $27.00 to $25.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 7th. ValuEngine raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Roth Capital raised shares of Sierra Wireless from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a research report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.30.
Sierra Wireless Company Profile
Sierra Wireless, Inc, together with its subsidiaries, engages in building the Internet of Things (IoT) with intelligent wireless solutions in North America, Europe, and the Asia Pacific. It operates in three segments: Original Equipment Manufacturer (OEM) Solutions, Enterprise Solutions, and Cloud and Connectivity Services.
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