Arkadios Wealth Advisors acquired a new position in shares of Maxar Technologies Inc. (NYSE:MAXR) during the 1st quarter, Holdings Channel reports. The firm acquired 4,040 shares of the company’s stock, valued at approximately $152,000.
A number of other hedge funds have also bought and sold shares of the business. Strs Ohio purchased a new stake in Maxar Technologies during the 1st quarter worth approximately $94,000. Hillsdale Investment Management Inc. purchased a new stake in Maxar Technologies during the 1st quarter worth approximately $6,635,000. Reinhart Partners Inc. increased its holdings in Maxar Technologies by 29.7% during the 1st quarter. Reinhart Partners Inc. now owns 946,149 shares of the company’s stock worth $35,784,000 after purchasing an additional 216,660 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Maxar Technologies in the 1st quarter valued at approximately $3,174,000. Finally, Coastal Investment Advisors Inc. bought a new stake in shares of Maxar Technologies in the 1st quarter valued at approximately $415,000. Institutional investors own 70.53% of the company’s stock.
In other Maxar Technologies news, CEO Daniel L. Jablonsky purchased 1,500 shares of Maxar Technologies stock in a transaction on Thursday, March 25th. The stock was bought at an average price of $35.72 per share, for a total transaction of $53,580.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.
Shares of MAXR stock opened at $39.23 on Tuesday. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.77 and a current ratio of 0.81. Maxar Technologies Inc. has a 1 year low of $8.65 and a 1 year high of $58.75. The stock has a fifty day moving average of $38.58 and a two-hundred day moving average of $37.81. The firm has a market capitalization of $2.42 billion, a PE ratio of 6.35 and a beta of 1.45.
Maxar Technologies (NYSE:MAXR) last announced its quarterly earnings results on Monday, May 3rd. The company reported ($1.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($1.43). Maxar Technologies had a negative return on equity of 12.49% and a net margin of 23.17%. The business had revenue of $392.00 million for the quarter, compared to analyst estimates of $435.81 million. During the same quarter last year, the firm posted ($0.80) EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that Maxar Technologies Inc. will post 3.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, June 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. Maxar Technologies’s dividend payout ratio (DPR) is presently -1.90%.
A number of equities research analysts have recently weighed in on the company. Raymond James boosted their price target on Maxar Technologies from $26.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, February 25th. Canaccord Genuity lowered their price target on Maxar Technologies from $55.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, March 25th. TD Securities upgraded Maxar Technologies from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Monday, April 5th. Truist assumed coverage on Maxar Technologies in a report on Wednesday, March 17th. They issued a “buy” rating and a $59.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded Maxar Technologies from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $55.00 to $47.00 in a report on Wednesday, March 31st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Maxar Technologies presently has a consensus rating of “Buy” and a consensus target price of $48.10.
Maxar Technologies Profile
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 Earth Intelligence and Space Infrastructure segments. The Earth Intelligence segment offers earth imagery products, including orthorectified imagery, imagery basemap, 3D and elevation, and information products; and SecureWatch, a subscription offering that provides online access to imagery and geospatial intelligence platform.
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