Wesbanco Bank Raised United Parcel Service (UPS) Stake By $578,840; Iridium Communications Has 1.23 Sentiment

Iridium Communications Inc. (NASDAQ:IRDM) Logo

Iridium Communications Inc (IRDM) investors sentiment increased to 1.23 in 2018 Q3. It’s up 0.07, from 1.16 in 2018Q2. The ratio has increased, as 86 institutional investors started new and increased stock positions, while 70 sold and trimmed positions in Iridium Communications Inc. The institutional investors in our database reported: 90.99 million shares, up from 90.93 million shares in 2018Q2. Also, the number of institutional investors holding Iridium Communications Inc in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 18 Reduced: 52 Increased: 59 New Position: 27.

Wesbanco Bank Inc increased United Parcel Service (UPS) stake by 8.89% reported in 2018Q3 SEC filing. Wesbanco Bank Inc acquired 4,990 shares as United Parcel Service (UPS)’s stock declined 16.04%. The Wesbanco Bank Inc holds 61,152 shares with $7.14M value, up from 56,162 last quarter. United Parcel Service now has $95.64 billion valuation. The stock increased 0.70% or $0.78 during the last trading session, reaching $111.44. About 1.04 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has declined 12.80% since February 13, 2018 and is downtrending. It has underperformed by 12.80% the S&P500. Some Historical UPS News: 04/04/2018 – UPS SAYS MOST INTERNATIONAL SHIPMENTS NOT AFFECTED BY TARIFFS; 15/03/2018 – ZEW KOGENERACJA SA KGN.WA – PGE ENERGIA CIEPLA UPS ITS STAKE IN CO TO 25.81 PCT FROM 17.74 PCT IN TENDER OFFER; 25/04/2018 – UPS – NEW INITIATIVE WILL REDUCE HEADCOUNT AND LOWER ON-GOING OPERATING EXPENSE; 18/04/2018 – Teamsters Local 2727 — UPS Aircraft Mechanics To President Trump: “Stand With Workers Over Corporate Greed”; 26/04/2018 – UPS reported higher first-quarter net profit on Thursday; 30/05/2018 – FOX 29: #BREAKING: Explosion damages UPS freight hub in Kentuck; 21/03/2018 – Hong Kong Monetary Authority Ups Base Rate to 2% Vs 1.75% Following Fed Increase; 16/05/2018 – Express Delivery Market in Brazil to Reach $7.68 Billion by 2022 – Key Players are Correios, DHL Group, FedEx, Nippon Express, and UPS – ResearchAndMarkets.com; 26/04/2018 – United Parcel Service Sees 2018 Capex $6.5 Billion-$7 Billion; 22/05/2018 – Global UPS Battery Market for Data Center Industry to Post a CAGR of Over 11% Through 2022 l Technavio

Investors sentiment is 0.98 in Q3 2018. Its the same as in 2018Q2. It has no change, as 47 investors sold UPS shares while 430 reduced holdings. only 108 funds opened positions while 360 raised stakes. 447.82 million shares or 0.61% less from 450.56 million shares in 2018Q2 were reported. Haverford Serv holds 0.23% in United Parcel Service, Inc. (NYSE:UPS) or 5,460 shares. Cwh Cap Mngmt Inc reported 52,540 shares. Cadence Mgmt Ltd Company owns 0.6% invested in United Parcel Service, Inc. (NYSE:UPS) for 94,941 shares. Community National Bank Na has 16,049 shares. Canada Pension Plan Investment Board reported 0.06% in United Parcel Service, Inc. (NYSE:UPS). Sva Plumb Wealth Mgmt Limited Liability Corporation accumulated 0.37% or 31,297 shares. Independent Invsts holds 30,211 shares or 1.24% of its portfolio. Halsey Incorporated Ct has invested 2.18% in United Parcel Service, Inc. (NYSE:UPS). Wellington Grp Incorporated Llp reported 19.16 million shares. Hollencrest Cap reported 4.14% in United Parcel Service, Inc. (NYSE:UPS). Covington Cap Mgmt holds 53,702 shares or 0.38% of its portfolio. Moreover, Zevin Asset Limited Liability Corporation has 3.72% invested in United Parcel Service, Inc. (NYSE:UPS) for 109,047 shares. Meiji Yasuda Life Com holds 17,665 shares or 0.26% of its portfolio. Moreover, Sterling Capital Mgmt Ltd Liability Corp has 0.7% invested in United Parcel Service, Inc. (NYSE:UPS). Quantres Asset Mngmt holds 1.37% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 19,700 shares.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Globenewswire.com which released: “UPS Ready to Help Love Bloom Worldwide on Valentine’s Day – GlobeNewswire” on February 11, 2019, also Globenewswire.com with their article: “UPS Launches Women’s Economic Empowerment Partnership with USAID – GlobeNewswire” published on February 07, 2019, Globenewswire.com published: “UPS Expands In-Building Package Delivery Using Latch Smart Access Devices – GlobeNewswire” on January 22, 2019. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Benzinga.com and their article: “Amazon.com, Inc. (NASDAQ:AMZN), United Parcel Service, Inc. (NYSE:UPS) – UPS Zeroes In On ‘Super-Hubs,’ High-Margin Shipments To Grow Business – Benzinga” published on January 21, 2019 as well as Fool.ca‘s news article titled: “This Canadian Shipping Company Is Crushing United Parcel Service, Inc. (NYSE:UPS) – The Motley Fool Canada” with publication date: February 10, 2019.

Since August 20, 2018, it had 0 insider purchases, and 2 insider sales for $828,076 activity. $523,218 worth of United Parcel Service, Inc. (NYSE:UPS) was sold by Willis George. 2,500 shares valued at $304,858 were sold by Barber James J. on Monday, August 20.

Among 11 analysts covering United Parcel Service (NYSE:UPS), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. United Parcel Service had 14 analyst reports since September 4, 2018 according to SRatingsIntel. The rating was downgraded by Bank of America to “Neutral” on Thursday, October 25. The company was upgraded on Monday, October 1 by BMO Capital Markets. The firm has “Underweight” rating given on Tuesday, October 9 by Morgan Stanley. UBS maintained the stock with “Buy” rating in Thursday, October 25 report. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Neutral” rating by Credit Suisse on Thursday, October 25. On Thursday, October 25 the stock rating was maintained by Robert W. Baird with “Neutral”. The rating was downgraded by Citigroup to “Neutral” on Friday, November 2. The rating was maintained by Raymond James on Thursday, October 25 with “Strong Buy”. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Strong Buy” rating given on Tuesday, September 4 by Raymond James. The stock has “Underweight” rating by Morgan Stanley on Tuesday, December 4.

Wesbanco Bank Inc decreased I Shares (EEM) stake by 24,913 shares to 20,593 valued at $884,000 in 2018Q3. It also reduced Pepsico (NYSE:PEP) stake by 24,589 shares and now owns 155,145 shares. Ibm Corp (NYSE:IBM) was reduced too.

The stock decreased 1.13% or $0.23 during the last trading session, reaching $20.17. About 192,131 shares traded. Iridium Communications Inc. (IRDM) has risen 73.03% since February 13, 2018 and is uptrending. It has outperformed by 73.03% the S&P500. Some Historical IRDM News: 09/03/2018 – Moody’s Assigns B2 Corporate Family Rating To Iridium; 22/05/2018 – SpaceX Launches Falcon 9 Rocket With Iridium, NASA Satellites (Video); 09/04/2018 – IRIDIUM IRIDIUM-6/GRACE-FO TARGETED FOR MAY 19 LAUNCH; 03/04/2018 – Fifth Set of IridiumĀ® NEXT Satellites Begin Pre-Operational Testing; 14/03/2018 – Covenant Quality Assessment For Iridium Communications Inc. Bond Offering; 30/03/2018 – NOAA: NOAA statement on today’s broadcast of the SpaceX Iridium-5 launch; 21/04/2018 – DJ Iridium Communications Inc, Inst Holders, 1Q 2018 (IRDM); 03/04/2018 – IRIDIUM COMMUNICATIONS – FIFTH SET OF 10 IRIDIUM NEXT SATELLITES, LAUNCHED FRIDAY BY SPACEX, HAVE BEGUN TESTING AND VALIDATION PROCESS; 09/04/2018 – Iridium Communications: ‘Rideshare’ Mission Will Deploy 2 Sets of Satellites in 2 Separate Orbits; 09/04/2018 – IRIDIUM COMMUNICATIONS – IRIDIUM-6/GRACE-FO RIDESHARE MISSION TARGETED FOR LAUNCH BY SPACEX FROM VAFB IN CALIFORNIA FOR MAY 19

More notable recent Iridium Communications Inc. (NASDAQ:IRDM) news were published by: Benzinga.com which released: “Raymond James Bullish On Iridium (NASDAQ:IRDM) As Satellite Maker Shifts From SpaceX To Sales – Benzinga” on January 14, 2019, also Nasdaq.com with their article: “Technology Sector Update for 01/16/2019: INPX,GOGO,IRDM,EFII – Nasdaq” published on January 16, 2019, Nasdaq.com published: “IRDM Crosses Below Key Moving Average Level – Nasdaq” on January 24, 2019. More interesting news about Iridium Communications Inc. (NASDAQ:IRDM) were released by: Nasdaq.com and their article: “Technology Sector Update for 01/16/2019: GOGO,IRDM,EFII – Nasdaq” published on January 16, 2019 as well as Prnewswire.com‘s news article titled: “Iridium Declares Victory; $3 Billion Satellite Constellation Upgrade Complete – PRNewswire” with publication date: February 06, 2019.

Analysts await Iridium Communications Inc. (NASDAQ:IRDM) to report earnings on February, 28. They expect $-0.16 EPS, down 300.00% or $0.24 from last year’s $0.08 per share. After $-0.13 actual EPS reported by Iridium Communications Inc. for the previous quarter, Wall Street now forecasts 23.08% negative EPS growth.

Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and clients worldwide. The company has market cap of $2.25 billion. It offers postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; push-to-talk services; and machine-to-machine services for sending and receiving data from fixed and mobile assets in remote locations to a central monitoring station. It has a 17.98 P/E ratio. The firm also provides other services, such as inbound connections from the public switched telephone network, short message services, subscriber identity module, activation, customer reactivation, and other peripheral services.

Van Berkom & Associates Inc. holds 3.18% of its portfolio in Iridium Communications Inc. for 4.98 million shares. Wealthtrust Axiom Llc owns 416,439 shares or 3.16% of their US portfolio. Moreover, Knott David M has 2.06% invested in the company for 281,600 shares. The Colorado-based Elk Creek Partners Llc has invested 1.32% in the stock. Capital Management Associates Ny, a New York-based fund reported 39,500 shares.

Since January 1, 0001, it had 0 insider purchases, and 25 selling transactions for $9.55 million activity.

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