Maxar Technologies Ltd (NYSE:MAXR) Shares Bought by SG Americas Securities LLC

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SG Americas Securities LLC boosted its stake in shares of Maxar Technologies Ltd (NYSE:MAXR) by 141.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,305 shares of the company’s stock after buying an additional 4,274 shares during the period. SG Americas Securities LLC’s holdings in Maxar Technologies were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAXR. Leith Wheeler Investment Counsel Ltd. boosted its position in Maxar Technologies by 3.6% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 61,171 shares of the company’s stock worth $3,090,000 after purchasing an additional 2,150 shares during the period. Stevens First Principles Investment Advisors boosted its position in Maxar Technologies by 29.7% during the second quarter. Stevens First Principles Investment Advisors now owns 13,925 shares of the company’s stock worth $703,000 after purchasing an additional 3,185 shares during the period. Legal & General Group Plc boosted its position in Maxar Technologies by 52.6% during the first quarter. Legal & General Group Plc now owns 14,773 shares of the company’s stock worth $682,000 after purchasing an additional 5,095 shares during the period. Swiss National Bank boosted its position in Maxar Technologies by 6.0% during the first quarter. Swiss National Bank now owns 102,771 shares of the company’s stock worth $4,747,000 after purchasing an additional 5,800 shares during the period. Finally, Toronto Dominion Bank boosted its position in Maxar Technologies by 18.2% during the second quarter. Toronto Dominion Bank now owns 48,696 shares of the company’s stock worth $2,625,000 after purchasing an additional 7,504 shares during the period. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Maxar Technologies stock traded up $0.23 during mid-day trading on Friday, hitting $29.55. The stock had a trading volume of 327,952 shares, compared to its average volume of 349,151. The stock has a market cap of $1.96 billion and a price-to-earnings ratio of 13.87. Maxar Technologies Ltd has a 12 month low of $28.77 and a 12 month high of $67.30. The company has a quick ratio of 0.91, a current ratio of 1.03 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.14. Maxar Technologies had a return on equity of 11.10% and a net margin of 3.95%. The business had revenue of $578.90 million for the quarter, compared to analysts’ expectations of $727.18 million. The business’s quarterly revenue was up 54.3% on a year-over-year basis. As a group, sell-side analysts expect that Maxar Technologies Ltd will post 4.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.2836 dividend. This represents a $1.13 annualized dividend and a yield of 3.84%. The ex-dividend date was Thursday, September 13th. Maxar Technologies’s payout ratio is 53.05%.

A number of brokerages recently commented on MAXR. Canaccord Genuity restated a “buy” rating on shares of Maxar Technologies in a research note on Wednesday, September 5th. Zacks Investment Research lowered Maxar Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. TD Securities lowered their price target on Maxar Technologies from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, June 29th. Finally, Royal Bank of Canada lowered their price target on Maxar Technologies from $73.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 5th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Maxar Technologies currently has a consensus rating of “Buy” and an average target price of $62.00.

About Maxar Technologies

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.

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

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