Chicago Equity Partners LLC grew its holdings in Iridium Communications Inc (NASDAQ:IRDM) by 228.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 117,690 shares of the technology company’s stock after acquiring an additional 81,885 shares during the quarter. Chicago Equity Partners LLC’s holdings in Iridium Communications were worth $1,389,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Iridium Communications by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,250,671 shares of the technology company’s stock valued at $113,271,000 after purchasing an additional 250,505 shares during the period. Northern Trust Corp raised its stake in Iridium Communications by 64.1% during the 2nd quarter. Northern Trust Corp now owns 2,055,329 shares of the technology company’s stock worth $22,711,000 after buying an additional 803,190 shares during the period. State Street Corp raised its stake in Iridium Communications by 2.1% during the 2nd quarter. State Street Corp now owns 2,028,349 shares of the technology company’s stock worth $22,409,000 after buying an additional 41,109 shares during the period. Prudential Financial Inc. raised its stake in Iridium Communications by 0.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,299,599 shares of the technology company’s stock worth $13,386,000 after buying an additional 8,933 shares during the period. Finally, Elk Creek Partners LLC raised its stake in Iridium Communications by 7.2% during the 3rd quarter. Elk Creek Partners LLC now owns 1,056,308 shares of the technology company’s stock worth $10,880,000 after buying an additional 70,990 shares during the period.

Iridium Communications Inc (NASDAQ IRDM) opened at $12.05 on Thursday. Iridium Communications Inc has a 52 week low of $7.80 and a 52 week high of $13.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.67 and a current ratio of 2.78. The firm has a market capitalization of $1,165.85, a P/E ratio of 13.10, a P/E/G ratio of 4.02 and a beta of 1.77.

A number of research analysts recently weighed in on IRDM shares. Wells Fargo & Co upped their price target on Iridium Communications from $9.75 to $12.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded Iridium Communications from a “hold” rating to a “sell” rating in a research note on Saturday, October 28th. BidaskClub downgraded Iridium Communications from a “buy” rating to a “hold” rating in a research note on Saturday, December 16th. ValuEngine raised Iridium Communications from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, TheStreet raised Iridium Communications from a “c+” rating to a “b” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $13.00.

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Iridium Communications Profile

Iridium Communications Inc is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure.

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Institutional Ownership by Quarter for Iridium Communications (NASDAQ:IRDM)

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