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flag Sumitomo Mitsui Trust Group increased its stake in Iridium Communications by 37.6%, now owning 3.58% of the stock.

flag Sumitomo Mitsui Trust Group Inc. increased its stake in Iridium Communications Inc. by 37.6%, now owning about 3.58% of the stock. flag Iridium Communications reported Q1 earnings per share (EPS) of $0.27, exceeding analysts' estimates. flag The stock has a market cap of $3.25 billion and a P/E ratio of 28.34. flag Analysts predict 0.89 EPS for the current fiscal year, with a "Moderate Buy" rating and an average price target of $34.25.

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