Alliancebernstein L.P. Purchases 1,200 Shares of Maxar Technologies Inc. (NYSE:MAXR)

Alliancebernstein L.P. lifted its position in shares of Maxar Technologies Inc. (NYSE:MAXR) by 1.5% in the first quarter, HoldingsChannel.com reports. The fund owned 78,700 shares of the company’s stock after buying an additional 1,200 shares during the period. Alliancebernstein L.P.’s holdings in Maxar Technologies were worth $2,976,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Maxar Technologies by 1,788.9% during the 4th quarter. US Bancorp DE now owns 1,020 shares of the company’s stock worth $39,000 after acquiring an additional 966 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of Maxar Technologies during the 1st quarter worth approximately $41,000. Laurel Wealth Advisors LLC bought a new position in Maxar Technologies in the 4th quarter valued at approximately $77,000. Strs Ohio bought a new position in Maxar Technologies in the 1st quarter valued at approximately $94,000. Finally, Advisory Services Network LLC lifted its stake in Maxar Technologies by 1,000.0% in the 4th quarter. Advisory Services Network LLC now owns 2,750 shares of the company’s stock valued at $106,000 after purchasing an additional 2,500 shares during the last quarter. 67.55% of the stock is owned by institutional investors.

Shares of NYSE MAXR opened at $35.82 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.67 and a current ratio of 0.73. Maxar Technologies Inc. has a 52-week low of $13.70 and a 52-week high of $58.75. The company has a 50 day simple moving average of $34.44. The firm has a market cap of $2.57 billion, a PE ratio of 8.27 and a beta of 1.36.

Maxar Technologies (NYSE:MAXR) last posted its quarterly earnings data on Sunday, May 2nd. The company reported ($1.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($1.24). Maxar Technologies had a negative return on equity of 13.42% and a net margin of 15.40%. The firm had revenue of $392.00 million for the quarter, compared to analyst estimates of $435.81 million. During the same quarter last year, the company earned ($0.80) earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts expect that Maxar Technologies Inc. will post -0.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Monday, June 14th. Maxar Technologies’s dividend payout ratio (DPR) is presently -2.07%.

Several equities analysts recently commented on the stock. Raymond James dropped their price objective on shares of Maxar Technologies from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, May 4th. Canaccord Genuity dropped their price objective on shares of Maxar Technologies from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, March 25th. Credit Suisse Group dropped their price objective on shares of Maxar Technologies from $56.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, March 16th. Truist assumed coverage on shares of Maxar Technologies in a research note on Wednesday, March 17th. They issued a “buy” rating and a $59.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of Maxar Technologies from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $55.00 to $47.00 in a research report on Thursday, March 25th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $47.80.

In other news, CEO Daniel L. Jablonsky acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, March 25th. The stock was bought at an average cost of $35.72 per share, for a total transaction of $53,580.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Biggs C. Porter acquired 3,400 shares of the firm’s stock in a transaction dated Thursday, May 6th. The shares were purchased at an average price of $28.00 per share, with a total value of $95,200.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,900 shares of company stock valued at $204,900. 1.90% of the stock is currently owned by corporate insiders.

About Maxar Technologies

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

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