Paloma Partners Management Co Invests $1.86 Million in Maxar Technologies Ltd. (MAXR)

Paloma Partners Management Co purchased a new stake in shares of Maxar Technologies Ltd. (NYSE:MAXR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 28,921 shares of the company’s stock, valued at approximately $1,860,000. Paloma Partners Management Co owned 0.05% of Maxar Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Maxar Technologies in the 4th quarter worth $187,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Maxar Technologies in the 4th quarter worth $199,000. Suntrust Banks Inc. purchased a new stake in shares of Maxar Technologies in the 4th quarter worth $208,000. Eqis Capital Management Inc. purchased a new stake in shares of Maxar Technologies in the 4th quarter worth $216,000. Finally, White Pine Capital LLC purchased a new stake in shares of Maxar Technologies in the 4th quarter worth $217,000. 67.06% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have recently commented on MAXR shares. Zacks Investment Research lowered Maxar Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Canaccord Genuity restated a “buy” rating and issued a $70.00 price objective on shares of Maxar Technologies in a research note on Friday, February 23rd. National Bank Financial cut their price target on Maxar Technologies from $70.85 to $60.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. Scotiabank cut their price target on Maxar Technologies from $67.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, March 7th. Finally, Royal Bank of Canada cut their price target on Maxar Technologies from $74.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Maxar Technologies presently has an average rating of “Buy” and an average price target of $65.25.

Shares of MAXR stock opened at $44.75 on Friday. Maxar Technologies Ltd. has a 52-week low of $42.11 and a 52-week high of $67.30. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $2,559.69 and a price-to-earnings ratio of 21.01.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.29 earnings per share (EPS) for the quarter. Maxar Technologies had a return on equity of 8.14% and a net margin of 5.70%. The business had revenue of $429.23 million during the quarter. analysts expect that Maxar Technologies Ltd. will post 4.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.2946 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 14th. Maxar Technologies’s dividend payout ratio (DPR) is presently 54.93%.

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Maxar Technologies Profile

Maxar Technologies Ltd., a communications and information company, provides operational solutions to commercial and government organizations worldwide. The company operates in two segments, Communications, and Surveillance and Intelligence. The Communications segment offers solutions for the delivery of a range of services, including television and radio distribution, broadband Internet, and mobile communications.

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

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