Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 2,675 call options on the stock. This represents an increase of 2,630% compared to the typical volume of 98 call options.

Institutional investors have recently modified their holdings of the stock. Insight 2811 Inc. bought a new stake in shares of Sierra Wireless in the third quarter worth $202,000. WealthTrust Axiom LLC grew its stake in shares of Sierra Wireless by 6.9% in the fourth quarter. WealthTrust Axiom LLC now owns 15,500 shares of the communications equipment provider’s stock worth $208,000 after purchasing an additional 1,000 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Sierra Wireless by 311.7% in the fourth quarter. Bank of America Corp DE now owns 17,582 shares of the communications equipment provider’s stock worth $236,000 after purchasing an additional 13,311 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Sierra Wireless in the fourth quarter valued at $306,000. Finally, Toronto Dominion Bank lifted its holdings in Sierra Wireless by 25.5% in the fourth quarter. Toronto Dominion Bank now owns 26,453 shares of the communications equipment provider’s stock valued at $356,000 after buying an additional 5,370 shares during the period. 28.51% of the stock is currently owned by institutional investors.

Shares of Sierra Wireless stock opened at $11.33 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.41 and a debt-to-equity ratio of 0.09. Sierra Wireless has a twelve month low of $10.80 and a twelve month high of $22.58. The firm has a market capitalization of $559.04 million, a P/E ratio of 62.00, a price-to-earnings-growth ratio of 1.40 and a beta of 2.39.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last issued its quarterly earnings data on Wednesday, February 13th. The communications equipment provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Sierra Wireless had a positive return on equity of 1.94% and a negative net margin of 3.10%. The business had revenue of $201.40 million during the quarter, compared to the consensus estimate of $204.94 million. During the same period in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Sierra Wireless will post 0.92 earnings per share for the current fiscal year.

Several brokerages have issued reports on SWIR. Canaccord Genuity restated a “buy” rating and set a $20.00 price objective (down from $32.00) on shares of Sierra Wireless in a research report on Thursday. TD Securities cut their price objective on shares of Sierra Wireless from $21.00 to $14.50 and set a “hold” rating for the company in a research report on Thursday. BidaskClub downgraded shares of Sierra Wireless from a “buy” rating to a “hold” rating in a research report on Thursday. First Analysis downgraded shares of Sierra Wireless from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $12.00 in a research report on Thursday. Finally, Raymond James set a $20.00 price target on shares of Sierra Wireless and gave the company an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $17.45.

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Sierra Wireless Company Profile

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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