As Iridium Communications (IRDM) Market Valuation Declined, Holder Elk Creek Partners Cut Its Holding by $5.92 Million; Heritage Wealth Advisors Increases Holding in Morgan Stanley (MS)

Iridium Communications Inc. (NASDAQ:IRDM) Logo

Heritage Wealth Advisors increased its stake in Morgan Stanley (MS) by 36.56% based on its latest 2019Q1 regulatory filing with the SEC. Heritage Wealth Advisors bought 1,104 shares as the company’s stock declined 6.33% . The institutional investor held 4,124 shares of the investment bankers and brokers and service company at the end of 2019Q1, valued at $174.05M, up from 3,020 at the end of the previous reported quarter. Heritage Wealth Advisors who had been investing in Morgan Stanley for a number of months, seems to be bullish on the $64.62 billion market cap company. The stock decreased 0.58% or $0.23 during the last trading session, reaching $39.1. About 10.72M shares traded or 13.12% up from the average. Morgan Stanley (NYSE:MS) has declined 12.46% since August 16, 2018 and is downtrending. It has underperformed by 12.46% the S&P500. Some Historical MS News: 13/03/2018 – MERLIN MRL.MC : MORGAN STANLEY RAISES TARGET PRICE TO 15 EUROS FROM 14.5 EUROS; 14/05/2018 – U.S. Equity Sales Drop 6.1% in 2018, Morgan Stanley Leads; 23/04/2018 – Morgan Stanley Expects 10-Year Yield Below 2.5% by Year End (Video); 19/03/2018 – MORGAN STANLEY BOOSTS 2018 NEWCASTLE COAL FORECAST 22% TO $91/T; 09/04/2018 – Global Equity Offerings Rise 7.1% in 2018, Morgan Stanley Leads; 26/03/2018 – Microsoft in the Trillion-Dollar Club? Cloud Will Get It There, Says Morgan Stanley — Barron’s Blog; 08/03/2018 – CARNIVAL PLC CCL.L : MORGAN STANLEY RAISES TARGET PRICE TO 5100P FROM 5000P; 19/03/2018 – JAZZ PHARMACEUTICALS PLC JAZZ.O : MORGAN STANLEY RAISES TO OVERWEIGHT FROM EQUAL-WEIGHT; 17/05/2018 – Morgan Stanley Sees Loveless Kiwi at Two-Year Low as Debt Climbs; 29/05/2018 – REG-MORGAN STANLEY B.V. Early Repurchase(s)

Elk Creek Partners Llc decreased its stake in Iridium Communications Inc (IRDM) by 21.27% based on its latest 2019Q1 regulatory filing with the SEC. Elk Creek Partners Llc sold 227,777 shares as the company’s stock declined 7.09% . The institutional investor held 842,863 shares of the telecommunications equipment company at the end of 2019Q1, valued at $22.29M, down from 1.07M at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in Iridium Communications Inc for a number of months, seems to be less bullish one the $2.83B market cap company. The stock increased 0.42% or $0.09 during the last trading session, reaching $21.61. About 453,336 shares traded. Iridium Communications Inc. (NASDAQ:IRDM) has risen 43.73% since August 16, 2018 and is uptrending. It has outperformed by 43.73% the S&P500. Some Historical IRDM News: 22/05/2018 – SpaceX Flies Satellites for Iridium, NASA in 10th Launch of 2018; 26/04/2018 – Iridium Communications Sees 2019 Total Service REv $440M; 22/05/2018 – SPACEX LAUNCHES IRIDIUM-6/GRACE-FO SATELLITES: LIVE; 09/03/2018 – Iridium to Use Proceeds to Make Deferred Payment Obligations, Milestone Payments; 30/03/2018 – NOAA: NOAA statement on today’s broadcast of the SpaceX Iridium-5 launch; 30/03/2018 – Elon Musk’s SpaceX Sends Ten More Iridium Satellites to Orbit; 27/03/2018 – lridium and Speedcast Partner to Deliver Next-Generation Satellite Broadband Solutions; 02/05/2018 – Detailed Research: Economic Perspectives on NewMarket, MSG Networks, Iridium Communications, ACI Worldwide, Central Garden & Pe; 30/03/2018 – Multiple delays pushed the Iridium-5 mission from its original date in December; 06/04/2018 – ACS ACS.MC SAYS THE OPERATION WILL RESULT IN IRIDIUM OWNING 50 PCT OF ISSUED SHARE CAPITAL IN ROAD MANAGEMENT SERVICES (A13) HOLDINGS LIMITED

More notable recent Morgan Stanley (NYSE:MS) news were published by: Seekingalpha.com which released: “Morgan Stanley Q2 2019 Earnings Preview – Seeking Alpha” on July 17, 2019, also Finance.Yahoo.com with their article: “Here’s Why I Think Morgan Stanley (NYSE:MS) Might Deserve Your Attention Today – Yahoo Finance” published on August 08, 2019, Seekingalpha.com published: “Morgan Stanley steps away from WeWork deal – Bloomberg – Seeking Alpha” on August 14, 2019. More interesting news about Morgan Stanley (NYSE:MS) were released by: Finance.Yahoo.com and their article: “Stocks – Wall Street Tumbles After Brief Yield Curve Inversion – Yahoo Finance” published on August 14, 2019 as well as Schaeffersresearch.com‘s news article titled: “Big Bank Stock Set to Slide – Schaeffers Research” with publication date: July 25, 2019.

Heritage Wealth Advisors, which manages about $402.51 million and $608.59 billion US Long portfolio, decreased its stake in Union Bankshares Corp (NASDAQ:UBSH) by 41,008 shares to 47,604 shares, valued at $1.54 billion in 2019Q1, according to the filing. It also reduced its holding in Markel Corp (NYSE:MKL) by 4,239 shares in the quarter, leaving it with 19,033 shares, and cut its stake in Brookfield Infra Ptnrs (NYSE:BIP).

Investors sentiment increased to 0.93 in Q1 2019. Its up 0.15, from 0.78 in 2018Q4. It is positive, as 63 investors sold MS shares while 290 reduced holdings. 83 funds opened positions while 244 raised stakes. 1.38 billion shares or 2.79% less from 1.42 billion shares in 2018Q4 were reported. Lombard Odier Asset Mngmt (Europe) Limited reported 14,094 shares. White Pine reported 17,500 shares. Schroder Invest Management reported 1.34 million shares. Commercial Bank Of America De has 0.09% invested in Morgan Stanley (NYSE:MS) for 14.02 million shares. Marathon Trading Investment Management Limited Liability Corp holds 0.12% or 24,300 shares. Moreover, Brown Brothers Harriman has 0% invested in Morgan Stanley (NYSE:MS) for 5,544 shares. Moreover, Brown Advisory has 0.02% invested in Morgan Stanley (NYSE:MS). Advsrs Asset holds 0.04% or 59,621 shares in its portfolio. Bb&T Corp reported 315,285 shares stake. Essex Inv Ltd Liability Corporation invested 0.4% of its portfolio in Morgan Stanley (NYSE:MS). Wilbanks Smith & Thomas Asset Mgmt Ltd Llc owns 70,699 shares or 0.19% of their US portfolio. Emory University accumulated 45,964 shares. Cls Ltd Limited Liability Company reported 102 shares stake. Lipe Dalton reported 1.16% in Morgan Stanley (NYSE:MS). Fifth Third State Bank, Ohio-based fund reported 1.10M shares.

More notable recent Iridium Communications Inc. (NASDAQ:IRDM) news were published by: Nasdaq.com which released: “Forget SpaceX; Iridium Communications Is Already Delivering Next-Gen Satellite Internet – Nasdaq” on July 26, 2019, also Prnewswire.com with their article: “Iridium To Present At William Blair Growth Stock Conference – PRNewswire” published on May 22, 2019, Finance.Yahoo.com published: “Were Hedge Funds Right About Flocking Into Iridium Communications Inc. (IRDM) ? – Yahoo Finance” on April 29, 2019. More interesting news about Iridium Communications Inc. (NASDAQ:IRDM) were released by: Seekingalpha.com and their article: “Iridium Communications (IRDM) Presents At William Blair Growth Stock Conference – Slideshow – Seeking Alpha” published on June 05, 2019 as well as Seekingalpha.com‘s news article titled: “Microsoft Had A ‘Key Reversal’ After Smashing Earnings, Take Profits, Trim Positions – Seeking Alpha” with publication date: July 21, 2019.

Since May 24, 2019, it had 1 buying transaction, and 0 insider sales for $90,780 activity.

Investors sentiment increased to 1.45 in 2019 Q1. Its up 0.13, from 1.32 in 2018Q4. It is positive, as 18 investors sold IRDM shares while 53 reduced holdings. 36 funds opened positions while 67 raised stakes. 91.05 million shares or 0.29% less from 91.32 million shares in 2018Q4 were reported. Lpl Lc has invested 0% of its portfolio in Iridium Communications Inc. (NASDAQ:IRDM). Cornerstone Advsr stated it has 0% in Iridium Communications Inc. (NASDAQ:IRDM). 11,065 are owned by Janney Montgomery Scott Llc. Brave Asset Mngmt reported 0.18% in Iridium Communications Inc. (NASDAQ:IRDM). Amp Capital Limited reported 10,999 shares. Private Wealth Ptnrs Limited Liability owns 0.05% invested in Iridium Communications Inc. (NASDAQ:IRDM) for 12,000 shares. Commonwealth Of Pennsylvania School Empls Retrmt holds 33,514 shares. Renaissance Technologies Limited Liability Company has 0.07% invested in Iridium Communications Inc. (NASDAQ:IRDM). Ameriprise Financial Inc holds 735,388 shares. Macquarie Grp Limited holds 8,000 shares or 0% of its portfolio. Moreover, Bridgeway Capital Mngmt has 0.23% invested in Iridium Communications Inc. (NASDAQ:IRDM). Ubs Asset Management Americas reported 83,587 shares. Raymond James Tru Na holds 0.02% or 13,250 shares. Parkside Fin Bank & Trust And reported 728 shares stake. Mutual Of America Ltd Limited Liability Company invested in 2,814 shares.

Analysts await Iridium Communications Inc. (NASDAQ:IRDM) to report earnings on October, 24. They expect $-0.15 earnings per share, down 15.38% or $0.02 from last year’s $-0.13 per share. After $-0.16 actual earnings per share reported by Iridium Communications Inc. for the previous quarter, Wall Street now forecasts -6.25% EPS growth.

Iridium Communications Inc. (NASDAQ:IRDM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.