Quantinno Capital Management LP Has $1.72 Million Stock Position in Iridium Communications Inc $IRDM

Quantinno Capital Management LP lifted its stake in shares of Iridium Communications Inc (NASDAQ:IRDM) by 47.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,838 shares of the technology company’s stock after purchasing an additional 20,024 shares during the period. Quantinno Capital Management LP owned 0.06% of Iridium Communications worth $1,715,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Iridium Communications by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 10,157,227 shares of the technology company’s stock valued at $176,533,000 after acquiring an additional 677,258 shares during the last quarter. Silver Heights Capital Management Inc increased its stake in shares of Iridium Communications by 1.2% during the 4th quarter. Silver Heights Capital Management Inc now owns 5,251,133 shares of the technology company’s stock worth $91,265,000 after purchasing an additional 61,430 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Iridium Communications by 130.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,642 shares of the technology company’s stock worth $7,044,000 after purchasing an additional 224,322 shares during the last quarter. Maxi Investments CY Ltd acquired a new position in shares of Iridium Communications during the 4th quarter worth about $7,369,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Iridium Communications by 67.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 112,700 shares of the technology company’s stock valued at $1,959,000 after purchasing an additional 45,400 shares during the period. 84.36% of the stock is owned by institutional investors.

Iridium Communications Stock Performance

Shares of IRDM stock opened at $49.38 on Wednesday. Iridium Communications Inc has a 52 week low of $15.65 and a 52 week high of $57.18. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 56.11, a PEG ratio of 3.99 and a beta of 0.88. The company has a 50-day simple moving average of $47.94 and a 200 day simple moving average of $37.42. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78.

Iridium Communications (NASDAQ:IRDM) last released its quarterly 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). Iridium Communications had a net margin of 10.55% and a return on equity of 22.57%. The company had revenue of $225.24 million during the quarter, compared to the consensus estimate of $220.32 million. During the same period in the prior year, the company earned $0.20 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts predict that Iridium Communications Inc will post 0.95 earnings per share for the current year.

Iridium Communications Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IRDM. Morgan Stanley raised their target price on shares of Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Raymond James Financial restated a “market perform” rating on shares of Iridium Communications in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. William Blair downgraded Iridium Communications from an “outperform” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Oppenheimer boosted their target price on Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Iridium Communications currently has an average rating of “Hold” and an average target price of $38.67.

Key Iridium Communications News

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.

Iridium Communications Profile

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.