Maxar Technologies logoRaymond James Financial Services Advisors Inc. trimmed its stake in Maxar Technologies Inc. (NYSE:MAXR – Get Rating) by 49.6% during the 4th quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission. The fund owned 7,084 shares of the company’s stock after selling 6,970 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Maxar Technologies were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James & Associates grew its stake in Maxar Technologies by 3.1% in the 1st quarter. Raymond James & Associates now owns 85,485 shares of the company’s stock worth $3,373,000 after buying an additional 2,536 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Maxar Technologies by 9.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,773 shares of the company’s stock worth $504,000 after acquiring an additional 1,094 shares during the last quarter. HighTower Advisors LLC purchased a new position in Maxar Technologies in the first quarter worth $1,408,000. MetLife Investment Management LLC grew its position in Maxar Technologies by 57.1% in the first quarter. MetLife Investment Management LLC now owns 39,905 shares of the company’s stock worth $1,575,000 after acquiring an additional 14,501 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Maxar Technologies by 7.7% in the first quarter. BlackRock Inc. now owns 5,935,838 shares of the company’s stock valued at $234,228,000 after acquiring an additional 424,367 shares during the last quarter. 78.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Maxar Technologies

In other Maxar Technologies news, Director Howell M. Estes sold 1,500 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $51.28, for a total value of $76,920.00. Following the sale, the director now owns 50,510 shares of the company’s stock, valued at approximately $2,590,152.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Maxar Technologies news, Director Howell M. Estes sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $51.28, for a total transaction of $76,920.00. Following the completion of the transaction, the director now owns 50,510 shares of the company’s stock, valued at approximately $2,590,152.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric J. Zahler sold 5,000 shares of Maxar Technologies stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $50.95, for a total value of $254,750.00. Following the completion of the sale, the director now owns 31,238 shares in the company, valued at $1,591,576.10. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Maxar Technologies Price Performance

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MAXR opened at $52.99 on Friday. Maxar Technologies Inc. has a 12 month low of $17.51 ​​and a 12 month high of $52.99. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.56. The business’s 50-day moving average price is $52.37 and its 200-day moving average price is $47.55. The company has a market cap of $4.00 billion, a P/E ratio of -25.00, a P/E/G ratio of 1.51 and a beta of 0.86.

Maxar Technologies (NYSE:MAXR – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The company had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $430.33 million. Maxar Technologies had a negative return on equity of 4.45% and a negative net margin of 9.35%. On average, equity analysts expect that Maxar Technologies Inc. will post 0.91 EPS for the current year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $53.00 price objective on shares of Maxar Technologies in a report on Thursday, February 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Maxar Technologies currently has a consensus rating of “Hold” and an average target price of $45.50.

Maxar Technologies Company Profile

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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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