First Interstate Bank Grows Stock Position in Maxar Technologies Inc (NYSE:MAXR)

First Interstate Bank increased its stake in shares of Maxar Technologies Inc (NYSE:MAXR) by 5.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 20,800 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. First Interstate Bank’s holdings in Maxar Technologies were worth $326,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Maxar Technologies in the fourth quarter valued at about $111,000. Creative Planning purchased a new stake in shares of Maxar Technologies during the fourth quarter worth about $164,000. Victory Capital Management Inc. grew its stake in shares of Maxar Technologies by 6.4% in the fourth quarter. Victory Capital Management Inc. now owns 10,731 shares of the company’s stock worth $168,000 after purchasing an additional 644 shares during the last quarter. Private Advisors LLC bought a new stake in shares of Maxar Technologies in the fourth quarter worth about $172,000. Finally, California Public Employees Retirement System bought a new stake in shares of Maxar Technologies in the third quarter worth about $84,000. 65.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE MAXR traded up $0.34 during midday trading on Friday, hitting $19.19. 40,893 shares of the company traded hands, compared to its average volume of 2,004,113. Maxar Technologies Inc has a 12-month low of $3.83 and a 12-month high of $21.45. The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.87. The stock has a 50-day moving average price of $17.94 and a 200 day moving average price of $11.24. The firm has a market cap of $1.13 billion, a P/E ratio of -1.28 and a beta of 1.10.

A number of research firms have commented on MAXR. Credit Suisse Group raised Maxar Technologies from an “underperform” rating to a “neutral” rating and set a $22.00 price target for the company in a research report on Wednesday, January 15th. Zacks Investment Research lowered Maxar Technologies from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine cut Maxar Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. CIBC raised Maxar Technologies from a “sector underperform” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Thursday, December 19th. Finally, TD Securities upped their target price on Maxar Technologies from $21.00 to $25.00 and gave the company a “speculative buy” rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.50.

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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Institutional Ownership by Quarter for Maxar Technologies (NYSE:MAXR)

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