Institutional Investors Negative on on Iridium Communications Inc Falls

May 18, 2018 - By Kristen Paramore

Iridium Communications Inc. (NASDAQ:IRDM) Logo

Sentiment for Iridium Communications Inc (NASDAQ:IRDM)

Iridium Communications Inc (NASDAQ:IRDM) institutional sentiment decreased to 1.13 in 2017 Q4. Its down -0.22, from 1.35 in 2017Q3. The ratio has worsened, as 77 institutional investors increased or opened new holdings, while 68 sold and decreased their equity positions in Iridium Communications Inc. The institutional investors in our partner’s database now hold: 94.81 million shares, down from 97.06 million shares in 2017Q3. Also, the number of institutional investors holding Iridium Communications Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 58 Increased: 51 New Position: 26.

Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and clients worldwide. The company has market cap of $1.29 billion. It offers postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; push-to-talk services; and machine-to-machine services for sending and receiving data from fixed and mobile assets in remote locations to a central monitoring station. It has a 7.07 P/E ratio. The firm also provides other services, such as inbound connections from the public switched telephone network, short message services, subscriber identity module, activation, customer reactivation, and other peripheral services.

The stock increased 0.43% or $0.05 during the last trading session, reaching $11.7. About 909,486 shares traded or 10.47% up from the average. Iridium Communications Inc. (NASDAQ:IRDM) has risen 26.40% since May 18, 2017 and is uptrending. It has outperformed by 14.85% the S&P500.

Analysts await Iridium Communications Inc. (NASDAQ:IRDM) to report earnings on July, 26. They expect $-0.04 EPS, down 120.00 % or $0.24 from last year’s $0.2 per share. After $0.07 actual EPS reported by Iridium Communications Inc. for the previous quarter, Wall Street now forecasts -157.14 % negative EPS growth.

Van Berkom & Associates Inc. holds 1.96% of its portfolio in Iridium Communications Inc. for 5.10 million shares. Wealthtrust Axiom Llc owns 425,304 shares or 1.87% of their US portfolio. Moreover, Knott David M has 1.59% invested in the company for 338,000 shares. The New York-based Capital Management Associates Ny has invested 1.45% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 1.05 million shares.

More notable recent Iridium Communications Inc. (NASDAQ:IRDM) news were published by: which released: “Iridium Announces First-Quarter 2018 Results; Company Affirms 2018 and Long-Range Outlook” on April 26, 2018, also with their article: “Iridium Communications Rockets Into a New Era of Telecom” published on May 10, 2018, published: “Detailed Research: Economic Perspectives on NewMarket, MSG Networks, Iridium Communications, ACI Worldwide …” on May 02, 2018. More interesting news about Iridium Communications Inc. (NASDAQ:IRDM) were released by: and their article: “Benzinga’s Top Upgrades, Downgrades For May 9, 2018” published on May 09, 2018 as well as‘s news article titled: “Iridium Communications’ (IRDM) CEO Matt Desch on Q1 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018.

Iridium Communications Inc. (NASDAQ:IRDM) Institutional Positions Chart

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