Victory Capital Management Inc. cut its stake in shares of Maxar Technologies Inc. (NYSE:MAXR) by 26.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,869 shares of the company’s stock after selling 8,208 shares during the quarter. Victory Capital Management Inc.’s holdings in Maxar Technologies were worth $648,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in shares of Maxar Technologies by 72.7% during the second quarter. Centaurus Financial Inc. now owns 4,816 shares of the company’s stock valued at $192,000 after purchasing an additional 2,027 shares during the last quarter. New York Life Investments Alternatives bought a new position in Maxar Technologies in the 2nd quarter worth approximately $479,000. LA Financiere DE L Echiquier grew its holdings in Maxar Technologies by 39.5% in the 3rd quarter. LA Financiere DE L Echiquier now owns 67,103 shares of the company’s stock worth $1,901,000 after buying an additional 19,011 shares in the last quarter. AQR Capital Management LLC grew its holdings in Maxar Technologies by 39.7% in the 2nd quarter. AQR Capital Management LLC now owns 58,296 shares of the company’s stock worth $2,327,000 after buying an additional 16,576 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Maxar Technologies by 18.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 53,397 shares of the company’s stock worth $2,132,000 after buying an additional 8,313 shares in the last quarter. 73.40% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on MAXR. Robert W. Baird raised Maxar Technologies from a “neutral” rating to an “outperform” rating and set a $39.00 price objective for the company in a report on Thursday, November 4th. TD Securities increased their price objective on Maxar Technologies from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, November 4th. Finally, Zacks Investment Research raised Maxar Technologies from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Tuesday, January 4th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Maxar Technologies currently has an average rating of “Buy” and an average target price of $45.15.
Shares of NYSE MAXR opened at $29.51 on Friday. Maxar Technologies Inc. has a 1 year low of $25.07 and a 1 year high of $58.75. The stock has a fifty day moving average price of $29.43 and a two-hundred day moving average price of $30.81. The firm has a market cap of $2.14 billion, a P/E ratio of -25.44 and a beta of 1.29. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.77 and a current ratio of 0.84.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Maxar Technologies had a negative return on equity of 6.40% and a negative net margin of 3.67%. The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $453.00 million. During the same quarter in the prior year, the firm earned ($0.02) EPS. On average, research analysts predict that Maxar Technologies Inc. will post -0.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Wednesday, December 15th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.14%. Maxar Technologies’s dividend payout ratio (DPR) is presently -3.45%.
Maxar Technologies Company Profile
Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.
Further Reading: What is a growth and income fund?
Want to see what other hedge funds are holding MAXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxar Technologies Inc. (NYSE:MAXR).
Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.