Rhumbline Advisers Has $998,000 Position in Maxar Technologies Inc (MAXR)

Rhumbline Advisers boosted its holdings in Maxar Technologies Inc (NYSE:MAXR) by 41.5% in the fourth quarter, HoldingsChannel reports. The firm owned 83,470 shares of the company’s stock after purchasing an additional 24,495 shares during the quarter. Rhumbline Advisers’ holdings in Maxar Technologies were worth $998,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MAXR. Douglas Lane & Associates LLC grew its position in Maxar Technologies by 46.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 2,817,211 shares of the company’s stock valued at $33,694,000 after purchasing an additional 897,197 shares in the last quarter. Elk Creek Partners LLC grew its position in shares of Maxar Technologies by 94.6% in the 3rd quarter. Elk Creek Partners LLC now owns 761,020 shares of the company’s stock valued at $25,167,000 after acquiring an additional 370,024 shares during the period. Vanguard Group Inc grew its position in shares of Maxar Technologies by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 5,544,566 shares of the company’s stock valued at $183,359,000 after acquiring an additional 269,041 shares during the period. Vanguard Group Inc. grew its position in shares of Maxar Technologies by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,544,566 shares of the company’s stock valued at $183,359,000 after acquiring an additional 269,041 shares during the period. Finally, AGF Investments Inc. grew its position in shares of Maxar Technologies by 317.0% in the 3rd quarter. AGF Investments Inc. now owns 330,126 shares of the company’s stock valued at $10,873,000 after acquiring an additional 250,954 shares during the period. 71.10% of the stock is owned by institutional investors and hedge funds.

Shares of MAXR opened at $4.97 on Friday. Maxar Technologies Inc has a one year low of $4.41 and a one year high of $55.28. The stock has a market capitalization of $311.28 million, a PE ratio of -1.71 and a beta of 1.32. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 4.70.

The business also recently announced a special dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, March 14th. Maxar Technologies’s dividend payout ratio is presently -38.28%.

A number of brokerages have recently commented on MAXR. TD Securities decreased their price objective on shares of Maxar Technologies from $34.00 to $24.00 and set a “speculative buy” rating for the company in a research report on Tuesday, January 8th. Raymond James decreased their price objective on shares of Maxar Technologies from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. CIBC downgraded shares of Maxar Technologies from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $6.00 to $5.00 in a research report on Friday, March 1st. National Bank Financial downgraded shares of Maxar Technologies from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 8th. Finally, Credit Suisse Group downgraded shares of Maxar Technologies from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $17.00 to $5.88 in a research report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.78.

In related news, insider Mike Greenley bought 10,715 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $5.23 per share, for a total transaction of $56,039.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Walter S. Scott bought 20,300 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $5.06 per share, with a total value of $102,718.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 56,015 shares of company stock valued at $286,907.

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Maxar Technologies Profile

Maxar Technologies Inc, a space and geospatial intelligence company, provides space technology solutions for 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, satellite payloads and antenna subsystems, space-based and airborne surveillance solutions, and robotic systems 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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