SG Americas Securities LLC Sells 1,143 Shares of Maxar Technologies Inc. (NYSE:MAXR)

SG Americas Securities LLC cut its holdings in Maxar Technologies Inc. (NYSE:MAXRGet Rating) by 8.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,994 shares of the company’s stock after selling 1,143 shares during the period. SG Americas Securities LLC’s holdings in Maxar Technologies were worth $473,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Maxar Technologies in the 4th quarter valued at about $709,000. Centaurus Financial Inc. increased its position in Maxar Technologies by 19.9% in the 4th quarter. Centaurus Financial Inc. now owns 5,623 shares of the company’s stock valued at $166,000 after buying an additional 933 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Maxar Technologies by 65.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,250 shares of the company’s stock valued at $303,000 after buying an additional 4,058 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Maxar Technologies by 10.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,101 shares of the company’s stock valued at $269,000 after buying an additional 845 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Maxar Technologies by 6.2% in the 4th quarter. New York State Common Retirement Fund now owns 71,599 shares of the company’s stock valued at $2,114,000 after buying an additional 4,152 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Maxar Technologies Price Performance

Shares of NYSE MAXR opened at $28.35 on Friday. Maxar Technologies Inc. has a twelve month low of $22.92 and a twelve month high of $40.48. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average price is $26.95 and its 200-day moving average price is $30.12. The company has a market capitalization of $2.09 billion, a PE ratio of 17.39, a PEG ratio of 2.24 and a beta of 1.28.

Maxar Technologies (NYSE:MAXRGet Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Maxar Technologies had a return on equity of 5.39% and a net margin of 6.90%. The business had revenue of $405.00 million for the quarter, compared to the consensus estimate of $416.49 million. During the same quarter in the prior year, the business earned ($1.30) earnings per share. Maxar Technologies’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Maxar Technologies Inc. will post 0.42 EPS for the current year.

Maxar Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.14%. Maxar Technologies’s payout ratio is 2.45%.

Insider Activity at Maxar Technologies

In related news, SVP Elizabeth Andora sold 4,860 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $30.24, for a total value of $146,966.40. Following the transaction, the senior vice president now owns 42,367 shares in the company, valued at $1,281,178.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on MAXR shares. Morgan Stanley decreased their price objective on Maxar Technologies from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Bank of America lowered Maxar Technologies from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $36.00 to $25.00 in a report on Tuesday, May 17th. TD Securities boosted their price objective on Maxar Technologies from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, May 26th. Canaccord Genuity Group boosted their price objective on Maxar Technologies to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 25th. Finally, Wells Fargo & Company started coverage on Maxar Technologies in a report on Tuesday, June 21st. They set an “overweight” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.15.

About Maxar Technologies

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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 two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.

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

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