Gradient Investments Lowered Carnival (CCL) Stake By $364,910; Shorts at Iridium Communications (IRDM) Lowered By 4.1%

November 14, 2017 - By Linda Rogers

Iridium Communications Incorporated (NASDAQ:IRDM) had a decrease of 4.1% in short interest. IRDM’s SI was 22.14M shares in November as released by FINRA. Its down 4.1% from 23.08M shares previously. With 887,100 avg volume, 25 days are for Iridium Communications Incorporated (NASDAQ:IRDM)’s short sellers to cover IRDM’s short positions. The SI to Iridium Communications Incorporated’s float is 27.05%. The stock increased 1.36% or $0.15 during the last trading session, reaching $11.15. About 1.09M shares traded or 12.93% up from the average. Iridium Communications Inc (NASDAQ:IRDM) has risen 20.17% since November 14, 2016 and is uptrending. It has outperformed by 3.47% the S&P500.

Gradient Investments Llc decreased Carnival Corp (CCL) stake by 5.01% reported in 2017Q2 SEC filing. Gradient Investments Llc sold 5,614 shares as Carnival Corp (CCL)’s stock rose 11.01%. The Gradient Investments Llc holds 106,534 shares with $6.99M value, down from 112,148 last quarter. Carnival Corp now has $47.38 billion valuation. The stock rose 0.03% or $0.02 reaching $66.04. About 2.40 million shares traded. Carnival Corp (NYSE:CCL) has risen 24.12% since November 14, 2016 and is uptrending. It has outperformed by 7.42% the S&P500.

Investors sentiment decreased to 1.33 in 2017 Q2. Its down 0.03, from 1.36 in 2017Q1. It worsened, as 23 investors sold Iridium Communications Inc shares while 47 reduced holdings. 32 funds opened positions while 61 raised stakes. 97.49 million shares or 1.14% more from 96.40 million shares in 2017Q1 were reported. Finance Management Gru invested in 49,966 shares. Eqis Capital Mgmt stated it has 49,236 shares or 0.03% of all its holdings. First Personal Serv, North Carolina-based fund reported 1,174 shares. Prudential Inc holds 0.02% of its portfolio in Iridium Communications Inc (NASDAQ:IRDM) for 1.29 million shares. Cue Financial Group holds 0.14% of its portfolio in Iridium Communications Inc (NASDAQ:IRDM) for 17,800 shares. Moreover, Tiaa Cref Investment Lc has 0% invested in Iridium Communications Inc (NASDAQ:IRDM). 386,210 are held by Boston Ptnrs. Deutsche National Bank & Trust Ag holds 162,372 shares or 0% of its portfolio. Bb&T Secs Ltd Liability holds 0.01% of its portfolio in Iridium Communications Inc (NASDAQ:IRDM) for 92,783 shares. Catalyst Ltd Llc, New York-based fund reported 39,000 shares. Profund Ltd Com has 12,480 shares. Envestnet Asset Mngmt Incorporated has invested 0% in Iridium Communications Inc (NASDAQ:IRDM). Ww Investors invested in 7.21 million shares or 0.02% of the stock. Royal National Bank & Trust Of Canada holds 0% or 10,261 shares in its portfolio. Morgan Stanley, a New York-based fund reported 434,957 shares.

Among 3 analysts covering Iridium Communications (NASDAQ:IRDM), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Iridium Communications had 3 analyst reports since August 31, 2017 according to SRatingsIntel. The rating was maintained by Northland Capital on Friday, October 27 with “Hold”. The stock of Iridium Communications Inc (NASDAQ:IRDM) has “Market Perform” rating given on Friday, October 27 by Wells Fargo.

Iridium Communications Inc. is engaged in providing global satellite communications services and products. The company has market cap of $1.09 billion. The Firm offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It has a 13.09 P/E ratio. It provides services to businesses, the United States and foreign governments, non-governmental organizations and clients through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure.

Gradient Investments Llc increased Simon Ppty Group Inc New (NYSE:SPG) stake by 5,156 shares to 37,032 valued at $5.99M in 2017Q2. It also upped Claymore Exchange Trd Fd Tr (BSJI) stake by 34,920 shares and now owns 1.30 million shares. Ubs Group Ag (NYSE:UBS) was raised too.

Among 27 analysts covering Carnival Corporation (NYSE:CCL), 17 have Buy rating, 1 Sell and 9 Hold. Therefore 63% are positive. Carnival Corporation had 58 analyst reports since August 6, 2015 according to SRatingsIntel. Credit Suisse downgraded it to “Neutral” rating and $70 target in Friday, September 15 report. Bernstein initiated the stock with “Outperform” rating in Friday, September 9 report. The stock has “Buy” rating by UBS on Thursday, August 17. The stock of Carnival Corp (NYSE:CCL) has “Buy” rating given on Wednesday, November 25 by HSBC. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $7400 target in Thursday, June 22 report. The stock of Carnival Corp (NYSE:CCL) earned “Buy” rating by Stifel Nicolaus on Monday, December 21. The stock has “Buy” rating by Deutsche Bank on Thursday, September 24. The rating was initiated by Macquarie Research with “Neutral” on Tuesday, October 4. The rating was maintained by Morgan Stanley on Thursday, May 26 with “Equal-Weight”.

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