Barclays PLC acquired a new stake in shares of Maxar Technologies Inc (NYSE:MAXR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 411,470 shares of the company’s stock, valued at approximately $3,127,000. Barclays PLC owned approximately 0.69% of Maxar Technologies as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of MAXR. Mackenzie Financial Corp increased its position in Maxar Technologies by 12.1% during the 2nd quarter. Mackenzie Financial Corp now owns 8,207,661 shares of the company’s stock valued at $64,184,000 after buying an additional 883,540 shares in the last quarter. PointState Capital LP bought a new stake in shares of Maxar Technologies in the 2nd quarter worth $5,956,000. Russell Investments Group Ltd. bought a new stake in shares of Maxar Technologies in the 3rd quarter worth $3,008,000. Douglas Lane & Associates LLC increased its holdings in shares of Maxar Technologies by 9.1% in the 3rd quarter. Douglas Lane & Associates LLC now owns 3,212,765 shares of the company’s stock worth $24,417,000 after purchasing an additional 266,763 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Maxar Technologies in the 2nd quarter worth $2,051,000. 64.53% of the stock is owned by institutional investors.

Maxar Technologies stock opened at $11.14 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.84 and a debt-to-equity ratio of 4.44. Maxar Technologies Inc has a 12 month low of $3.83 and a 12 month high of $17.14. The firm has a market cap of $621.34 million, a price-to-earnings ratio of -3.84 and a beta of 0.86. The stock has a fifty day simple moving average of $9.76 and a two-hundred day simple moving average of $8.15.

Maxar Technologies (NYSE:MAXR) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($1.03). Maxar Technologies had a negative return on equity of 20.76% and a negative net margin of 45.15%. The firm had revenue of $479.00 million during the quarter, compared to the consensus estimate of $466.91 million. During the same period in the previous year, the firm earned ($4.88) EPS. The business’s revenue was down 5.9% on a year-over-year basis. On average, equities research analysts forecast that Maxar Technologies Inc will post -1.58 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 12th. Maxar Technologies’s payout ratio is currently -1.38%.

A number of analysts have commented on MAXR shares. ValuEngine lowered Maxar Technologies from a “strong-buy” rating to a “buy” rating in a report on Tuesday. National Bank Financial lifted their target price on Maxar Technologies from $9.00 to $12.50 and gave the stock a “sector perform” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. started coverage on Maxar Technologies in a report on Tuesday, September 10th. They issued an “overweight” rating and a $12.00 target price for the company. Raymond James set a $20.00 target price on Maxar Technologies and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Zacks Investment Research lowered Maxar Technologies from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.17.

About Maxar Technologies

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.

Featured Article: Hedge Funds – Risk or Reward?

Institutional Ownership by Quarter for Maxar Technologies (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.