ARS Investment Partners LLC Has $863,000 Stock Position in Sierra Wireless, Inc. (NASDAQ:SWIR)

ARS Investment Partners LLC lifted its position in Sierra Wireless, Inc. (NASDAQ:SWIRGet Rating) (TSE:SW) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,005 shares of the communications equipment provider’s stock after buying an additional 4,558 shares during the quarter. ARS Investment Partners LLC owned about 0.13% of Sierra Wireless worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Sierra Wireless in the fourth quarter worth $50,000. UBS Group AG lifted its stake in shares of Sierra Wireless by 65.6% in the third quarter. UBS Group AG now owns 2,978 shares of the communications equipment provider’s stock worth $46,000 after buying an additional 1,180 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Sierra Wireless in the fourth quarter worth $78,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Sierra Wireless by 157.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,490 shares of the communications equipment provider’s stock worth $113,000 after buying an additional 3,967 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Sierra Wireless by 10.0% in the third quarter. Advisor Group Holdings Inc. now owns 6,839 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 622 shares during the last quarter. Institutional investors and hedge funds own 63.69% of the company’s stock.

Shares of SWIR traded up $0.26 during trading hours on Thursday, hitting $21.50. The stock had a trading volume of 417,585 shares, compared to its average volume of 276,390. The company’s fifty day moving average is $17.44 and its two-hundred day moving average is $16.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.79 and a quick ratio of 1.33. Sierra Wireless, Inc. has a 52 week low of $13.44 and a 52 week high of $21.73. The stock has a market capitalization of $824.14 million, a price-to-earnings ratio of -11.20 and a beta of 1.81.

Sierra Wireless (NASDAQ:SWIRGet Rating) (TSE:SW) last posted its earnings results on Tuesday, February 22nd. The communications equipment provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.13. Sierra Wireless had a negative net margin of 13.35% and a negative return on equity of 8.87%. The business had revenue of $149.91 million for the quarter, compared to analyst estimates of $123.58 million. During the same quarter in the prior year, the firm earned ($0.33) EPS. Equities analysts predict that Sierra Wireless, Inc. will post -0.27 EPS for the current fiscal year.

Several equities analysts recently commented on SWIR shares. Canaccord Genuity Group upped their target price on shares of Sierra Wireless from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, May 12th. Roth Capital reiterated a “buy” rating on shares of Sierra Wireless in a research note on Wednesday, February 23rd. B. Riley upped their target price on shares of Sierra Wireless from $24.00 to $27.50 in a research note on Thursday, May 12th. TheStreet upgraded shares of Sierra Wireless from a “d” rating to a “c-” rating in a research note on Wednesday, February 23rd. Finally, Raymond James set a $18.00 target price on shares of Sierra Wireless and gave the company a “market perform” rating in a research note on Wednesday, February 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Sierra Wireless currently has an average rating of “Hold” and an average price target of $21.72.

Sierra Wireless Profile (Get Rating)

Sierra Wireless, Inc, together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services.

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

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