Morgan Stanley grew its stake in shares of Maxar Technologies Ltd (NYSE:MAXR) by 23.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,237,688 shares of the company’s stock after buying an additional 237,658 shares during the period. Morgan Stanley’s holdings in Maxar Technologies were worth $40,930,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in MAXR. BlackRock Inc. raised its position in shares of Maxar Technologies by 72,953.9% during the second quarter. BlackRock Inc. now owns 2,658,433 shares of the company’s stock valued at $134,303,000 after buying an additional 2,654,794 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Maxar Technologies by 48.1% during the third quarter. Douglas Lane & Associates LLC now owns 1,920,014 shares of the company’s stock valued at $63,495,000 after buying an additional 623,501 shares during the last quarter. Northern Trust Corp raised its position in shares of Maxar Technologies by 1,183.4% during the second quarter. Northern Trust Corp now owns 529,738 shares of the company’s stock valued at $26,762,000 after buying an additional 488,462 shares during the last quarter. Elk Creek Partners LLC raised its position in shares of Maxar Technologies by 94.6% during the third quarter. Elk Creek Partners LLC now owns 761,020 shares of the company’s stock valued at $25,167,000 after buying an additional 370,024 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Maxar Technologies during the second quarter valued at about $14,326,000. 82.92% of the stock is owned by institutional investors and hedge funds.
NYSE MAXR opened at $5.83 on Friday. The stock has a market capitalization of $372.75 million, a P/E ratio of 2.74 and a beta of 2.71. Maxar Technologies Ltd has a twelve month low of $5.04 and a twelve month high of $64.00. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.80.
Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.30). The firm had revenue of $508.20 million for the quarter, compared to the consensus estimate of $726.45 million. Maxar Technologies had a positive return on equity of 10.93% and a negative net margin of 17.81%. Maxar Technologies’s quarterly revenue was up 50.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. As a group, research analysts anticipate that Maxar Technologies Ltd will post 3.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were paid a dividend of $0.283 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $1.13 annualized dividend and a yield of 19.42%. Maxar Technologies’s dividend payout ratio is 52.11%.
MAXR has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Maxar Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. BMO Capital Markets set a $35.00 target price on shares of Maxar Technologies and gave the company a “buy” rating in a research note on Thursday, November 1st. Canaccord Genuity cut shares of Maxar Technologies from a “speculative buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $10.00 in a research note on Tuesday. CIBC reissued a “neutral” rating and issued a $15.00 target price on shares of Maxar Technologies in a research note on Wednesday. Finally, Royal Bank of Canada lowered their target price on shares of Maxar Technologies to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.72.
TRADEMARK VIOLATION WARNING: This report was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The original version of this report can be viewed at https://www.dispatchtribunal.com/2019/01/12/maxar-technologies-ltd-maxr-shares-bought-by-morgan-stanley.html.
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.
Recommended Story: How is Preferred Stock Different from Common Stock?
Want to see what other hedge funds are holding MAXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Maxar Technologies Ltd (NYSE:MAXR).
Receive News & Ratings for Maxar Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maxar Technologies and related companies with MarketBeat.com's FREE daily email newsletter.