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Sumitomo Mitsui Trust Group increased its stake in Iridium Communications by 37.6%, now owning 3.58% of the stock.
Sumitomo Mitsui Trust Group Inc. increased its stake in Iridium Communications Inc. by 37.6%, now owning about 3.58% of the stock.
Iridium Communications reported Q1 earnings per share (EPS) of $0.27, exceeding analysts' estimates.
The stock has a market cap of $3.25 billion and a P/E ratio of 28.34.
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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Sumitomo Mitsui Trust Group aumentó su participación en Iridium Communications en un 37,6%, poseyendo ahora el 3,58% de las acciones.