Edmond DE Rothschild Holding S.A. reduced its stake in Sierra Wireless, Inc. (NASDAQ:SWIR) (TSE:SW) by 24.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,800 shares of the communications equipment provider’s stock after selling 6,000 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.06% of Sierra Wireless worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Sierra Wireless during the 2nd quarter worth approximately $9,147,000. Bogle Investment Management L P DE acquired a new stake in Sierra Wireless during the 1st quarter worth approximately $8,601,000. Morgan Stanley boosted its position in Sierra Wireless by 155.5% during the 1st quarter. Morgan Stanley now owns 424,447 shares of the communications equipment provider’s stock worth $11,270,000 after buying an additional 258,316 shares during the period. Renaissance Technologies LLC boosted its position in Sierra Wireless by 76.9% during the 1st quarter. Renaissance Technologies LLC now owns 477,183 shares of the communications equipment provider’s stock worth $12,670,000 after buying an additional 207,499 shares during the period. Finally, Pier Capital LLC acquired a new stake in Sierra Wireless during the 2nd quarter worth approximately $5,757,000. Institutional investors own 25.00% of the company’s stock.

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SWIR has been the topic of several recent research reports. TheStreet upgraded shares of Sierra Wireless from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Sierra Wireless from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Scotiabank downgraded shares of Sierra Wireless from a “sector perform” rating to an “underperform” rating and lifted their target price for the stock from $22.00 to $23.00 in a research report on Thursday, August 3rd. BidaskClub downgraded shares of Sierra Wireless from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, TD Securities initiated coverage on shares of Sierra Wireless in a research report on Tuesday, May 30th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $26.35.

Sierra Wireless, Inc. (NASDAQ:SWIR) opened at 22.20 on Tuesday. Sierra Wireless, Inc. has a 12-month low of $12.30 and a 12-month high of $31.95. The company has a market cap of $709.27 million, a price-to-earnings ratio of 34.85 and a beta of 3.11. The firm’s 50-day moving average is $22.95 and its 200 day moving average is $26.62.

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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