Universal Beteiligungs und Servicegesellschaft mbH Has $1.68 Million Position in Iridium Communications Inc $IRDM

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Iridium by 82% in Q4 to 96,127 shares, worth $1.678 million and representing about 0.09% of the company.
• Iridium's latest quarter missed EPS expectations ($0.20 vs. $0.27) while revenue was $219.06M (+2% YoY); the company pays a $0.15 quarterly dividend (1.5% yield) and has a market cap of $4.17B with a P/E around 39.8.
• Analyst sentiment is mixed with a consensus rating of Hold and a $27.60 average price target (Barclays lifted its target to $36), institutional investors own ~84.4% of shares, insiders ~2.7%, and the CAO recently sold 3,790 shares under a Rule 10b5‑1 plan.

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Iridium Communications Inc (NASDAQ:IRDM - Free Report) by 82.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,127 shares of the technology company's stock after purchasing an additional 43,297 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Iridium Communications worth $1,678,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in shares of Iridium Communications by 184.7% during the third quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company's stock valued at $26,000 after acquiring an additional 977 shares in the last quarter. Larson Financial Group LLC grew its position in Iridium Communications by 392.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,202 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Iridium Communications in the 3rd quarter valued at $32,000. Aster Capital Management DIFC Ltd bought a new stake in Iridium Communications during the 3rd quarter valued at $46,000. Finally, Advisory Services Network LLC bought a new stake in Iridium Communications during the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 84.36% of the company's stock.

Iridium Communications Trading Up 0.9%

Shares of Iridium Communications stock opened at $39.44 on Friday. The company's 50-day moving average price is $30.41 and its 200-day moving average price is $22.63. The company has a current ratio of 2.85, a quick ratio of 2.21 and a debt-to-equity ratio of 3.74. Iridium Communications Inc has a 12-month low of $15.65 and a 12-month high of $44.36. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.63 and a beta of 0.48.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.07). Iridium Communications had a net margin of 12.05% and a return on equity of 22.76%. The business had revenue of $219.06 million for the quarter, compared to the consensus estimate of $218.39 million. During the same period in the prior year, the business posted $0.27 EPS. Iridium Communications's quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Iridium Communications Inc will post 1.06 earnings per share for the current fiscal year.

Iridium Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.5%. Iridium Communications's dividend payout ratio (DPR) is 60.61%.

Analysts Set New Price Targets

Several brokerages have recently commented on IRDM. Barclays increased their price objective on Iridium Communications from $25.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Morgan Stanley upped their price target on Iridium Communications from $24.00 to $26.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 18th. BWS Financial reissued a "sell" rating and issued a $16.00 price target on shares of Iridium Communications in a research report on Monday, April 27th. Weiss Ratings upgraded Iridium Communications from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, March 10th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Iridium Communications in a report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $27.60.

Insider Activity at Iridium Communications

In other news, CAO Timothy Kapalka sold 3,790 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $31.00, for a total value of $117,490.00. Following the completion of the sale, the chief accounting officer directly owned 47,764 shares in the company, valued at approximately $1,480,684. The trade was a 7.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.70% of the company's stock.

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.

Want to see what other hedge funds are holding IRDM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Iridium Communications Inc (NASDAQ:IRDM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.