Investors Buy Large Volume of Maxar Technologies Call Options (NYSE:MAXR)

Maxar Technologies Inc. (NYSE:MAXRGet Rating) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 8,925 call options on the stock. This represents an increase of approximately 652% compared to the average daily volume of 1,187 call options.

Maxar Technologies Stock Performance

Shares of MAXR opened at $23.11 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $1.72 billion, a P/E ratio of 60.82, a P/E/G ratio of 0.05 and a beta of 1.40. The company’s fifty day moving average is $21.78 and its two-hundred day moving average is $24.85. Maxar Technologies has a 1 year low of $17.51 and a 1 year high of $40.48.

Maxar Technologies (NYSE:MAXRGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.14). The firm had revenue of $436.00 million during the quarter, compared to analyst estimates of $458.17 million. Maxar Technologies had a net margin of 1.72% and a return on equity of 2.73%. On average, sell-side analysts predict that Maxar Technologies will post 18.94 earnings per share for the current year.

Maxar Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.17%. Maxar Technologies’s dividend payout ratio (DPR) is presently 10.53%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Maxar Technologies from $32.00 to $27.00 and set a “market perform” rating for the company in a research report on Monday, November 7th. Robert W. Baird reduced their price objective on shares of Maxar Technologies from $52.00 to $45.00 in a research report on Wednesday, August 10th. Canaccord Genuity Group reduced their price objective on shares of Maxar Technologies from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Wells Fargo & Company cut their target price on shares of Maxar Technologies from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Finally, TD Securities cut their target price on shares of Maxar Technologies from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Institutional Investors Weigh In On Maxar Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Maxar Technologies by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,726,364 shares of the company’s stock valued at $125,917,000 after purchasing an additional 185,501 shares in the last quarter. BlackRock Inc. increased its position in Maxar Technologies by 7.7% during the 1st quarter. BlackRock Inc. now owns 5,935,838 shares of the company’s stock worth $234,228,000 after purchasing an additional 424,367 shares in the last quarter. State Street Corp grew its position in Maxar Technologies by 14.4% in the first quarter. State Street Corp now owns 3,456,849 shares of the company’s stock valued at $136,407,000 after acquiring an additional 434,992 shares in the last quarter. Boston Partners grew its position in Maxar Technologies by 9.1% in the third quarter. Boston Partners now owns 3,377,013 shares of the company’s stock valued at $63,238,000 after acquiring an additional 282,721 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Maxar Technologies by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,092,483 shares of the company’s stock valued at $39,170,000 after acquiring an additional 165,369 shares in the last quarter. 78.30% of the stock is currently owned by hedge funds and other institutional investors.

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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