Maxar Technologies Inc. (NYSE:MAXR) Short Interest Down 16.6% in September – MarketBeat
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Maxar Technologies Inc. (NYSE:MAXR – Get Rating) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 3,920,000 shares, a decline of 16.6% from the September 15th total of 4,700,000 shares. Currently, 5.6% of the shares of the company are sold short. Based on an average daily trading volume, of 534,900 shares, the short-interest ratio is presently 7.3 days.
Hedge Funds Weigh In On Maxar Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Maxar Technologies in the 2nd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in Maxar Technologies in the 2nd quarter worth approximately $31,000. US Bancorp DE boosted its stake in Maxar Technologies by 24.3% in the 2nd quarter. US Bancorp DE now owns 2,405 shares of the company’s stock worth $62,000 after purchasing an additional 470 shares during the period. Ellevest Inc. boosted its stake in Maxar Technologies by 3,768.1% in the 2nd quarter. Ellevest Inc. now owns 3,636 shares of the company’s stock worth $95,000 after purchasing an additional 3,542 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Maxar Technologies during the 1st quarter valued at $183,000. Institutional investors and hedge funds own 78.30% of the company’s stock.
Analyst Ratings Changes
MAXR has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price target on Maxar Technologies from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Robert W. Baird cut their price target on Maxar Technologies from $52.00 to $45.00 in a report on Wednesday, August 10th. Morgan Stanley cut their price target on Maxar Technologies from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, August 11th. Truist Financial lowered their price objective on shares of Maxar Technologies from $52.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Maxar Technologies from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.67.
Maxar Technologies Trading Down 3.8 %
Maxar Technologies stock opened at $18.99 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 0.70 and a beta of 1.36. Maxar Technologies has a 1 year low of $17.51 and a 1 year high of $40.48. The firm’s 50 day moving average price is $22.94 and its two-hundred day moving average price is $27.66.
Maxar Technologies (NYSE:MAXR – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $438.00 million for the quarter, compared to analyst estimates of $453.89 million. Maxar Technologies had a net margin of 2.75% and a return on equity of 2.93%. On average, research analysts predict that Maxar Technologies will post 0.91 EPS for the current fiscal year.
Maxar Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date was Wednesday, September 14th. Maxar Technologies’s dividend payout ratio is 6.45%.
About Maxar Technologies
(Get Rating)
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.
See Also
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