Quantinno Capital Management LP Acquires 20,024 Shares of Iridium Communications Inc $IRDM

Quantinno Capital Management LP boosted its holdings in Iridium Communications Inc (NASDAQ:IRDM) by 47.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 61,838 shares of the technology company’s stock after acquiring an additional 20,024 shares during the period. Quantinno Capital Management LP’s holdings in Iridium Communications were worth $1,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of Iridium Communications by 4.4% during the 4th quarter. Empowered Funds LLC now owns 11,350 shares of the technology company’s stock worth $197,000 after purchasing an additional 478 shares in the last quarter. Allworth Financial LP raised its position in shares of Iridium Communications by 11.2% in the fourth quarter. Allworth Financial LP now owns 5,677 shares of the technology company’s stock valued at $99,000 after buying an additional 572 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Iridium Communications by 107.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock valued at $25,000 after buying an additional 741 shares during the period. Pictet Asset Management Holding SA grew its position in Iridium Communications by 5.3% during the first quarter. Pictet Asset Management Holding SA now owns 14,971 shares of the technology company’s stock worth $415,000 after buying an additional 753 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its position in Iridium Communications by 21.1% during the fourth quarter. Salomon & Ludwin LLC now owns 4,714 shares of the technology company’s stock worth $85,000 after buying an additional 820 shares in the last quarter. Institutional investors own 84.36% of the company’s stock.

Iridium Communications Stock Performance

Shares of NASDAQ:IRDM opened at $49.38 on Wednesday. Iridium Communications Inc has a 1 year low of $15.65 and a 1 year high of $57.18. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 56.11, a price-to-earnings-growth ratio of 3.99 and a beta of 0.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.78 and a quick ratio of 2.31. The company’s 50 day simple moving average is $47.94 and its 200 day simple moving average is $37.42.

Iridium Communications (NASDAQ:IRDM) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.19). The business had revenue of $225.24 million for the quarter, compared to the consensus estimate of $220.32 million. Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. As a group, research analysts predict that Iridium Communications Inc will post 0.95 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Iridium Communications’s payout ratio is 68.18%.

Iridium Communications News Roundup

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Iridium announced amended bylaws and declared a cash dividend following its August 10 board meeting. The dividend provides a shareholder-return catalyst, although the announcement did not specify the payment amount or date. Iridium Communications Updates Bylaws and Declares Cash Dividend
• Positive Sentiment: Zacks Research raised its EPS forecasts for the third and fourth quarters of 2026 to $0.26 from $0.24, lifted its FY2027 estimate to $1.13 from $1.08, and increased its Q3 2027 estimate to $0.30 from $0.28. These revisions suggest improving expectations for near- and medium-term profitability.
• Positive Sentiment: Iridium was highlighted as one of the satellite-communications stocks helping drive the space economy, alongside EchoStar and Sirius XM. The company’s strong performance among the Procure Space ETF’s holdings may support investor interest in IRDM. 3 Satellite Communications Stocks Powering UFO
• Neutral Sentiment: Reported short interest was listed at zero shares, unchanged from the prior period, with a zero-day days-to-cover ratio. Because the data includes an invalid “NaN” percentage change, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Zacks lowered its Q1 2028 EPS estimate to $0.35 from $0.36, Q2 2028 to $0.30 from $0.35, and FY2028 to $1.32 from $1.52. The longer-term reductions point to more cautious expectations for future earnings growth.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. William Blair cut Iridium Communications from an “outperform” rating to a “hold” rating in a report on Monday, June 29th. New Street Research raised Iridium Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. BWS Financial restated a “sell” rating and issued a $16.00 price target on shares of Iridium Communications in a research report on Monday, April 27th. Morgan Stanley boosted their price target on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Iridium Communications currently has a consensus rating of “Hold” and an average price target of $38.67.

About Iridium Communications

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.