Maxar Technologies Inc. (NYSE:MAXR) Shares Sold by Exchange Traded Concepts LLC – Defense World
Posted by admin on Jul 17th, 2022 
Exchange Traded Concepts LLC trimmed its holdings in Maxar Technologies Inc. (NYSE:MAXR – Get Rating) by 29.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,520 shares of the company’s stock after selling 1,855 shares during the period. Exchange Traded Concepts LLC’s holdings in Maxar Technologies were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Douglas Lane & Associates LLC raised its position in shares of Maxar Technologies by 3.2% in the first quarter. Douglas Lane & Associates LLC now owns 1,832,171 shares of the company’s stock valued at $72,297,000 after buying an additional 56,740 shares during the last quarter. Reinhart Partners Inc. grew its holdings in shares of Maxar Technologies by 12.4% in the first quarter. Reinhart Partners Inc. now owns 1,955,159 shares of the company’s stock valued at $77,151,000 after purchasing an additional 215,437 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Maxar Technologies in the first quarter valued at about $227,000. PenderFund Capital Management Ltd. grew its holdings in shares of Maxar Technologies by 26.5% in the fourth quarter. PenderFund Capital Management Ltd. now owns 313,561 shares of the company’s stock valued at $11,721,000 after purchasing an additional 65,760 shares during the period. Finally, Seven Eight Capital LP purchased a new stake in shares of Maxar Technologies in the fourth quarter valued at about $215,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.
NYSE MAXR opened at $24.42 on Friday. The firm has a 50 day simple moving average of $27.29 and a 200-day simple moving average of $30.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.76 and a current ratio of 0.82. Maxar Technologies Inc. has a one year low of $22.92 and a one year high of $40.48. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.28 and a beta of 1.32.
Maxar Technologies (NYSE:MAXR – Get Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $405.00 million for the quarter, compared to analysts’ expectations of $416.49 million. Maxar Technologies had a net margin of 6.90% and a return on equity of 5.39%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned ($1.30) earnings per share. Equities research analysts anticipate that Maxar Technologies Inc. will post 0.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.01 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.04 annualized dividend and a yield of 0.16%. Maxar Technologies’s dividend payout ratio (DPR) is 2.45%.
In related news, SVP Elizabeth Andora sold 4,860 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $30.24, for a total value of $146,966.40. Following the sale, the senior vice president now owns 42,367 shares of the company’s stock, valued at $1,281,178.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on MAXR shares. Canaccord Genuity Group raised shares of Maxar Technologies from a “hold” rating to a “buy” rating and dropped their price objective for the company from $42.00 to $38.00 in a report on Tuesday, May 10th. TheStreet raised shares of Maxar Technologies from a “d+” rating to a “c” rating in a report on Tuesday, March 22nd. Morgan Stanley lowered their target price on shares of Maxar Technologies from $47.00 to $44.00 and set an “overweight” rating for the company in a research note on Friday. Royal Bank of Canada lowered their target price on shares of Maxar Technologies from $48.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, May 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Maxar Technologies from $47.00 to $49.00 in a research note on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Maxar Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $38.93.
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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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