Iridium Communications Inc’s (NASDAQ:IRDM) Sentiment is 1.13

May 18, 2018 - By Lindsey Sherman

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 Q4 2017. Its down -0.22, from 1.35 in 2017Q3. The ratio is negative, as 77 hedge funds increased and opened new positions, while 68 reduced and sold equity positions in Iridium Communications Inc. The hedge funds in our partner’s database now possess: 94.81 million shares, down from 97.06 million shares in 2017Q3. Also, the number of hedge funds holding Iridium Communications Inc in their top 10 positions 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: Globenewswire.com which released: “Detailed Research: Economic Perspectives on NewMarket, MSG Networks, Iridium Communications, ACI Worldwide …” on May 02, 2018, also Fool.com with their article: “Iridium Communications Rockets Into a New Era of Telecom” published on May 10, 2018, Seekingalpha.com published: “Iridium Communications’ (IRDM) CEO Matt Desch on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Iridium Communications Inc. (NASDAQ:IRDM) were released by: Nasdaq.com and their article: “Iridium Announces First-Quarter 2018 Results; Company Affirms 2018 and Long-Range Outlook” published on April 26, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 9, 2018” with publication date: May 09, 2018.

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

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