Shelton Capital Management Buys 5,000 Shares of Sierra Wireless, Inc. (SWIR)

Shelton Capital Management grew its stake in Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) by 14.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 40,000 shares of the communications equipment provider’s stock after buying an additional 5,000 shares during the quarter. Shelton Capital Management’s holdings in Sierra Wireless were worth $818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Sierra Wireless by 16.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,715,805 shares of the communications equipment provider’s stock valued at $36,891,000 after buying an additional 236,807 shares during the period. Heathbridge Capital Management Ltd. boosted its stake in shares of Sierra Wireless by 3.8% in the 3rd quarter. Heathbridge Capital Management Ltd. now owns 750,200 shares of the communications equipment provider’s stock valued at $16,129,000 after buying an additional 27,300 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sierra Wireless by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 629,686 shares of the communications equipment provider’s stock valued at $17,694,000 after buying an additional 19,014 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Sierra Wireless by 27.8% in the 2nd quarter. Renaissance Technologies LLC now owns 609,884 shares of the communications equipment provider’s stock valued at $17,138,000 after buying an additional 132,701 shares during the period. Finally, TD Asset Management Inc. boosted its stake in shares of Sierra Wireless by 13.5% in the 3rd quarter. TD Asset Management Inc. now owns 237,500 shares of the communications equipment provider’s stock valued at $5,084,000 after buying an additional 28,200 shares during the period. Institutional investors and hedge funds own 21.36% of the company’s stock.

Shares of Sierra Wireless, Inc. (SWIR) opened at $15.75 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.54 and a current ratio of 1.92. Sierra Wireless, Inc. has a 12-month low of $15.10 and a 12-month high of $31.95. The firm has a market capitalization of $436.75, a PE ratio of 121.15 and a beta of 2.71.

SWIR has been the subject of several recent research reports. Scotiabank lifted their price objective on Sierra Wireless from $23.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. BMO Capital Markets reissued a “hold” rating and set a $26.00 target price on shares of Sierra Wireless in a research report on Monday, November 6th. Canaccord Genuity cut their target price on Sierra Wireless from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday. Royal Bank of Canada cut their target price on Sierra Wireless from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, BidaskClub lowered Sierra Wireless from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Sierra Wireless presently has a consensus rating of “Hold” and a consensus price target of $25.45.

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Sierra Wireless Profile

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

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