GSA Capital Partners LLP Reduces Stake in Sierra Wireless, Inc. (SWIR)
GSA Capital Partners LLP decreased its holdings in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) by 44.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,273 shares of the communications equipment provider’s stock after selling 11,537 shares during the quarter. GSA Capital Partners LLP’s holdings in Sierra Wireless were worth $401,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in SWIR. Legal & General Group Plc grew its holdings in shares of Sierra Wireless by 85.7% during the first quarter. Legal & General Group Plc now owns 3,900 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 1,800 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Sierra Wireless during the second quarter worth $136,000. Creative Planning grew its holdings in shares of Sierra Wireless by 13.0% during the second quarter. Creative Planning now owns 6,880 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 790 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Sierra Wireless during the first quarter worth $200,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sierra Wireless during the second quarter worth $231,000. 25.00% of the stock is owned by institutional investors and hedge funds.
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Shares of Sierra Wireless, Inc. (SWIR) opened at 22.40 on Friday. The stock has a market cap of $715.66 million, a price-to-earnings ratio of 35.16 and a beta of 3.14. Sierra Wireless, Inc. has a one year low of $12.30 and a one year high of $31.95. The company has a 50 day moving average of $21.92 and a 200-day moving average of $25.78.
SWIR has been the subject of a number of research reports. BidaskClub lowered shares of Sierra Wireless from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Scotiabank raised shares of Sierra Wireless from an “underperform” rating to a “sector perform” rating and set a $28.25 target price for the company in a report on Thursday, September 21st. Zacks Investment Research lowered shares of Sierra Wireless from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Macquarie raised shares of Sierra Wireless from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $12.30 to $23.00 in a report on Friday, August 4th. Finally, TheStreet raised shares of Sierra Wireless from a “c+” rating to a “b” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.08.
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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