Douglas Lane & Associates LLC grew its holdings in shares of Maxar Technologies Inc (NYSE:MAXR) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,946,002 shares of the company’s stock after purchasing an additional 190,425 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Maxar Technologies were worth $23,038,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Maxar Technologies by 7.1% during the fourth quarter. BlackRock Inc. now owns 2,879,544 shares of the company’s stock valued at $34,439,000 after purchasing an additional 191,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Maxar Technologies during the fourth quarter valued at approximately $143,000. Two Sigma Investments LP bought a new stake in shares of Maxar Technologies during the fourth quarter valued at approximately $1,317,000. Bank of America Corp DE grew its stake in shares of Maxar Technologies by 22.2% during the fourth quarter. Bank of America Corp DE now owns 80,730 shares of the company’s stock valued at $966,000 after purchasing an additional 14,650 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Maxar Technologies by 212.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 34,459 shares of the company’s stock valued at $412,000 after purchasing an additional 23,413 shares during the last quarter. 72.68% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on MAXR. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TD Securities decreased their price target on shares of Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating on the stock in a research note on Monday, May 13th. Credit Suisse Group set a $5.00 price target on shares of Maxar Technologies and gave the company a “sell” rating in a research note on Monday, July 15th. Raymond James cut shares of RioCan Real Estate Investment Trust to a “hold” rating in a research note on Monday, July 15th. Finally, National Bank Financial increased their price target on shares of Yamana Gold from C$3.75 to C$4.00 and gave the company a “sector perform” rating in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.78.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($1.13). Maxar Technologies had a negative net margin of 69.96% and a negative return on equity of 0.91%. The business had revenue of $504.00 million during the quarter, compared to the consensus estimate of $476.55 million. During the same period in the previous year, the business posted $0.26 earnings per share. Maxar Technologies’s revenue was down 9.5% compared to the same quarter last year. Analysts predict that Maxar Technologies Inc will post -0.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.52%. Maxar Technologies’s payout ratio is presently -1.38%.
About Maxar Technologies
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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