Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Maxar Technologies Ltd (NYSE:MAXR) by 135.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,100 shares of the company’s stock after purchasing an additional 61,100 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.18% of Maxar Technologies worth $6,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Van Berkom & Associates Inc. lifted its position in Maxar Technologies by 3.9% during the second quarter. Van Berkom & Associates Inc. now owns 1,182,309 shares of the company’s stock valued at $59,259,000 after purchasing an additional 44,272 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Maxar Technologies by 18.2% in the second quarter. Toronto Dominion Bank now owns 48,696 shares of the company’s stock valued at $2,625,000 after acquiring an additional 7,504 shares during the period. Douglas Lane & Associates LLC raised its stake in shares of Maxar Technologies by 25.9% in the second quarter. Douglas Lane & Associates LLC now owns 1,296,513 shares of the company’s stock valued at $65,500,000 after acquiring an additional 266,716 shares during the period. JCIC Asset Management Inc. raised its stake in shares of Maxar Technologies by 35.5% in the second quarter. JCIC Asset Management Inc. now owns 65,152 shares of the company’s stock valued at $3,274,000 after acquiring an additional 17,056 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Maxar Technologies in the second quarter valued at $21,817,000. Institutional investors and hedge funds own 88.18% of the company’s stock.

Several brokerages have recently weighed in on MAXR. TD Securities reduced their target price on shares of Maxar Technologies from $70.00 to $67.00 and set a “buy” rating on the stock in a research note on Thursday, July 26th. Canaccord Genuity reissued a “buy” rating and issued a $70.00 target price on shares of Maxar Technologies in a research note on Tuesday, July 17th. Zacks Investment Research downgraded shares of Maxar Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. Finally, Royal Bank of Canada reduced their target price on shares of Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 5th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.00.

Shares of MAXR opened at $34.84 on Friday. Maxar Technologies Ltd has a twelve month low of $28.77 and a twelve month high of $67.30. The firm has a market capitalization of $2.02 billion and a PE ratio of 8.91. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 1.45.

Maxar Technologies (NYSE:MAXR) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.14. The company had revenue of $578.90 million for the quarter, compared to the consensus estimate of $727.18 million. Maxar Technologies had a net margin of 3.95% and a return on equity of 11.10%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. equities research analysts predict that Maxar Technologies Ltd will post 4.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.2836 dividend. This represents a $1.13 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Thursday, September 13th. Maxar Technologies’s dividend payout ratio is presently 53.52%.

Maxar Technologies Profile

Maxar Technologies Ltd., a space and geospatial intelligence company, provides satellites, earth imagery, geospatial data, and analytics for the commercial and government customers worldwide. The company operates through three segments: Space Systems, Imagery, and Services. The Space Systems segment supplies space and ground based infrastructure and information solutions, including communication and imaging satellites, payloads and antenna subsystems, space-based and airborne surveillance solutions, and associated ground infrastructure and support services for communications and surveillance and intelligence applications.

See Also: Exchange-Traded Funds (ETFs)

Institutional Ownership by Quarter for Maxar Technologies (NYSE:MAXR)

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