BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $566,000 Stock Position in Sierra Wireless, Inc. (NASDAQ:SWIR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its position in Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) by 26.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,701 shares of the communications equipment provider’s stock after selling 17,065 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Sierra Wireless were worth $566,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd boosted its stake in Sierra Wireless by 102.3% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 33,460 shares of the communications equipment provider’s stock worth $414,000 after purchasing an additional 16,922 shares during the period. FMR LLC boosted its stake in Sierra Wireless by 492.1% in the 1st quarter. FMR LLC now owns 358,200 shares of the communications equipment provider’s stock worth $4,423,000 after purchasing an additional 297,700 shares during the period. First Trust Advisors LP acquired a new position in Sierra Wireless in the 1st quarter worth $220,000. Campbell & CO Investment Adviser LLC acquired a new position in Sierra Wireless in the 2nd quarter worth $393,000. Finally, NEXT Financial Group Inc boosted its stake in Sierra Wireless by 2,441.7% in the 2nd quarter. NEXT Financial Group Inc now owns 16,521 shares of the communications equipment provider’s stock worth $200,000 after purchasing an additional 15,871 shares during the period. 41.09% of the stock is owned by institutional investors.

Shares of NASDAQ:SWIR opened at $10.68 on Friday. The company’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $11.94. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.52 and a quick ratio of 1.24. Sierra Wireless, Inc. has a one year low of $10.04 and a one year high of $19.81. The stock has a market capitalization of $394.11 million, a PE ratio of 82.15 and a beta of 2.00.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). Sierra Wireless had a negative net margin of 5.75% and a positive return on equity of 0.02%. The firm had revenue of $191.37 million for the quarter, compared to analysts’ expectations of $191.95 million. During the same period in the previous year, the firm posted $0.27 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis.

SWIR has been the subject of a number of research analyst reports. TheStreet lowered shares of Sierra Wireless from a “c-” rating to a “d+” rating in a research note on Wednesday, September 4th. National Bank Financial reduced their target price on shares of Sierra Wireless from $15.00 to $12.50 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. BidaskClub raised shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 28th. Raymond James reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Sierra Wireless in a research note on Thursday, August 1st. Finally, TD Securities reduced their target price on shares of Sierra Wireless from $14.50 to $13.00 and set a “hold” rating for the company in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.64.

Sierra Wireless Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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

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