Horizon Investments LLC Has $614,000 Stock Position in Iridium Communications Inc $IRDM

Horizon Investments LLC grew its holdings in shares of Iridium Communications Inc (NASDAQ:IRDM) by 52.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,336 shares of the technology company’s stock after buying an additional 12,119 shares during the quarter. Horizon Investments LLC’s holdings in Iridium Communications were worth $614,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew 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 buying an additional 977 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Iridium Communications by 392.8% during the third quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock valued at $26,000 after buying an additional 1,202 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Iridium Communications during the third quarter valued at about $32,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Iridium Communications during the third quarter valued at about $46,000. Finally, Advisory Services Network LLC acquired a new position in shares of Iridium Communications during the third quarter valued at about $48,000. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IRDM. BWS Financial reiterated a “sell” rating and set a $16.00 price objective on shares of Iridium Communications in a report on Monday, April 27th. Raymond James Financial restated a “market perform” rating on shares of Iridium Communications in a report on Friday, April 24th. Weiss Ratings upgraded shares of Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 10th. Morgan Stanley boosted their price target on shares of Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 18th. Finally, Barclays boosted their price target on shares of Iridium Communications from $25.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.00.

Iridium Communications Stock Up 3.2%

Iridium Communications stock opened at $41.46 on Friday. Iridium Communications Inc has a fifty-two week low of $15.65 and a fifty-two week high of $44.36. The stock has a market cap of $4.38 billion, a PE ratio of 41.88, a price-to-earnings-growth ratio of 2.74 and a beta of 0.79. The firm’s 50-day simple moving average is $31.41 and its 200 day simple moving average is $23.13. The company has a debt-to-equity ratio of 3.74, a quick ratio of 2.21 and a current ratio of 2.85.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.07). The firm had revenue of $219.06 million for the quarter, compared to analysts’ expectations of $218.39 million. Iridium Communications had a return on equity of 22.76% and a net margin of 12.05%.The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Research analysts predict that Iridium Communications Inc will post 1.04 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.60 annualized dividend and a yield of 1.4%. Iridium Communications’s payout ratio is currently 60.61%.

Insider Buying and Selling

In other Iridium Communications news, CAO Timothy Kapalka sold 2,043 shares of Iridium Communications stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $33.00, for a total value of $67,419.00. Following the sale, the chief accounting officer owned 45,721 shares of the company’s stock, valued at approximately $1,508,793. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.70% of the company’s stock.

More Iridium Communications News

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

• Positive Sentiment: Zacks Research raised its Q2 2026 earnings estimate to $0.21 per share from $0.19, indicating a modest improvement in the near-term outlook.
• Neutral Sentiment: A commentary piece highlighted “2 reasons to like IRDM and 1 to stay skeptical,” reinforcing that the stock still has both bullish and cautious views around it. 2 reasons to like IRDM and 1 to stay skeptical
• Negative Sentiment: Zacks Research lowered FY2026 EPS to $0.90 from $0.99 and trimmed FY2027 EPS to $1.08 from $1.16, pointing to softer profit expectations over the next two years.
• Negative Sentiment: The firm also cut several quarterly estimates, including Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, which may pressure valuation sentiment.
• Negative Sentiment: FY2028 EPS was reduced to $1.52 from $1.68, suggesting analysts see less upside in Iridium’s longer-term earnings power.

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.