WealthTrust Axiom LLC maintained its position in shares of Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,140 shares of the communications equipment provider’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in Sierra Wireless were worth $341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC World Markets Inc. boosted its position in shares of Sierra Wireless by 391.0% in the first quarter. CIBC World Markets Inc. now owns 98,115 shares of the communications equipment provider’s stock valued at $2,605,000 after buying an additional 78,131 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of Sierra Wireless by 21.6% in the first quarter. NEXT Financial Group Inc now owns 11,362 shares of the communications equipment provider’s stock valued at $287,000 after buying an additional 2,015 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Sierra Wireless during the first quarter valued at approximately $310,000. Swiss National Bank boosted its position in shares of Sierra Wireless by 4.1% in the first quarter. Swiss National Bank now owns 53,700 shares of the communications equipment provider’s stock valued at $1,425,000 after buying an additional 2,100 shares during the last quarter. Finally, Insight 2811 Inc. boosted its position in shares of Sierra Wireless by 15.1% in the first quarter. Insight 2811 Inc. now owns 16,419 shares of the communications equipment provider’s stock valued at $436,000 after buying an additional 2,156 shares during the last quarter. Institutional investors and hedge funds own 24.70% of the company’s stock.

Shares of Sierra Wireless, Inc. (SWIR) opened at 24.85 on Tuesday. The firm has a market cap of $793.09 million, a PE ratio of 54.98 and a beta of 3.02. Sierra Wireless, Inc. has a 52 week low of $12.30 and a 52 week high of $31.95. The firm has a 50-day moving average of $29.28 and a 200-day moving average of $26.44.

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Several research analysts recently commented on the stock. Scotiabank cut shares of Sierra Wireless from a “sector perform” rating to an “underperform” rating and increased their target price for the stock from $22.00 to $23.00 in a report on Thursday, August 3rd. BidaskClub cut shares of Sierra Wireless from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. TheStreet cut shares of Sierra Wireless from a “b-” rating to a “c” rating in a report on Thursday, May 4th. BMO Capital Markets set a $30.00 target price on shares of Sierra Wireless and gave the stock a “hold” rating in a report on Saturday, May 6th. Finally, Zacks Investment Research upgraded shares of Sierra Wireless from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Thursday, May 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Sierra Wireless currently has a consensus rating of “Hold” and an average price target of $26.31.

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.

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

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