MetLife Investment Advisors LLC lessened its stake in Maxar Technologies Inc (NYSE:MAXR) by 34.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,232 shares of the company’s stock after selling 13,420 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Maxar Technologies were worth $302,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of MAXR. Douglas Lane & Associates LLC increased its position in Maxar Technologies by 46.7% during the 4th quarter. Douglas Lane & Associates LLC now owns 2,817,211 shares of the company’s stock valued at $33,694,000 after purchasing an additional 897,197 shares during the period. Nordea Investment Management AB purchased a new position in Maxar Technologies during the 3rd quarter valued at about $7,056,000. Crestline Management LP increased its position in Maxar Technologies by 33.8% during the 4th quarter. Crestline Management LP now owns 167,058 shares of the company’s stock valued at $1,998,000 after purchasing an additional 42,189 shares during the period. Morgan Stanley increased its position in Maxar Technologies by 23.8% during the 3rd quarter. Morgan Stanley now owns 1,237,688 shares of the company’s stock valued at $40,930,000 after purchasing an additional 237,658 shares during the period. Finally, Vanguard Group Inc increased its position in Maxar Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 5,544,566 shares of the company’s stock valued at $183,359,000 after purchasing an additional 269,041 shares during the period. 71.84% of the stock is currently owned by institutional investors.
MAXR stock opened at $4.73 on Wednesday. The company has a market capitalization of $284.19 million, a P/E ratio of 2.29 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 4.70. Maxar Technologies Inc has a 52 week low of $3.83 and a 52 week high of $55.28.
Maxar Technologies (NYSE:MAXR) last released its earnings results on Thursday, February 28th. The company reported ($1.38) EPS for the quarter. The company had revenue of $496.00 million during the quarter, compared to analyst estimates of $520.00 million. Maxar Technologies had a positive return on equity of 8.11% and a negative net margin of 64.00%. As a group, equities research analysts forecast that Maxar Technologies Inc will post -2.37 EPS for the current fiscal year.
The business also recently announced a special dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.01 dividend. The ex-dividend date was Thursday, March 14th. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.38%.
In other Maxar Technologies news, insider Daniel L. Jablonsky acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $5.15 per share, for a total transaction of $103,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mike Greenley acquired 10,715 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were acquired at an average price of $5.23 per share, with a total value of $56,039.45. The disclosure for this purchase can be found here. Insiders purchased a total of 56,015 shares of company stock valued at $286,907 over the last quarter. 0.59% of the stock is owned by company insiders.
MAXR has been the topic of a number of recent analyst reports. ValuEngine cut shares of Maxar Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. TD Securities lowered their price target on shares of Maxar Technologies from $9.00 to $6.50 and set a “hold” rating on the stock in a report on Friday, March 22nd. Raymond James lowered their price target on shares of Maxar Technologies from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. CIBC cut shares of Maxar Technologies from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $6.00 to $5.00 in a report on Friday, March 1st. Finally, National Bank Financial cut shares of Maxar Technologies from an “outperform” rating to a “sector perform” rating in a report on Tuesday, January 8th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Maxar Technologies presently has an average rating of “Hold” and an average target price of $21.54.
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Maxar Technologies Profile
Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems and associated ground infrastructure and support services for communications and surveillance and intelligence applications.
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