Dimensional Fund Advisors LP Has $1.92 Million Stake in Sierra Wireless, Inc. (SWIR)

Dimensional Fund Advisors LP decreased its stake in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,503 shares of the communications equipment provider’s stock after selling 14,359 shares during the period. Dimensional Fund Advisors LP owned approximately 0.32% of Sierra Wireless worth $1,922,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. WealthTrust Axiom LLC increased its stake in Sierra Wireless by 28.2% during the 1st quarter. WealthTrust Axiom LLC now owns 13,000 shares of the communications equipment provider’s stock valued at $214,000 after buying an additional 2,860 shares during the period. Wells Fargo & Company MN increased its stake in Sierra Wireless by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 27,844 shares of the communications equipment provider’s stock valued at $569,000 after buying an additional 4,160 shares during the period. Global X Management Co. LLC increased its stake in Sierra Wireless by 20.0% during the 1st quarter. Global X Management Co. LLC now owns 26,199 shares of the communications equipment provider’s stock valued at $432,000 after buying an additional 4,374 shares during the period. Geode Capital Management LLC increased its stake in Sierra Wireless by 24.2% during the 4th quarter. Geode Capital Management LLC now owns 25,629 shares of the communications equipment provider’s stock valued at $524,000 after buying an additional 4,996 shares during the period. Finally, Insight 2811 Inc. acquired a new position in Sierra Wireless during the 1st quarter valued at about $192,000. 25.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on SWIR. BidaskClub raised shares of Sierra Wireless from a “sell” rating to a “hold” rating in a research note on Thursday. Roth Capital set a $23.00 target price on shares of Sierra Wireless and gave the company a “buy” rating in a research note on Friday, August 3rd. ValuEngine raised shares of Sierra Wireless from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Canaccord Genuity reissued a “buy” rating on shares of Sierra Wireless in a research note on Friday, August 3rd. Finally, CIBC raised shares of Sierra Wireless from a “sector underperform” rating to a “neutral” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Sierra Wireless has an average rating of “Hold” and a consensus price target of $23.60.

Shares of Sierra Wireless opened at $19.40 on Friday, according to MarketBeat. The company has a market capitalization of $705.65 million, a PE ratio of 33.45, a price-to-earnings-growth ratio of 2.43 and a beta of 2.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.33 and a current ratio of 1.61. Sierra Wireless, Inc. has a 12-month low of $15.10 and a 12-month high of $23.50.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last announced its quarterly earnings data on Thursday, August 2nd. The communications equipment provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The company had revenue of $201.90 million for the quarter, compared to analysts’ expectations of $199.17 million. Sierra Wireless had a negative net margin of 2.96% and a positive return on equity of 1.73%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. research analysts forecast that Sierra Wireless, Inc. will post 0.67 EPS for the current fiscal year.

About Sierra Wireless

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

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