Deutsche Bank AG Boosts Holdings in Maxar Technologies Inc (MAXR)

Deutsche Bank AG raised its position in shares of Maxar Technologies Inc (NYSE:MAXR) by 116.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 320,860 shares of the company’s stock after acquiring an additional 172,323 shares during the quarter. Deutsche Bank AG’s holdings in Maxar Technologies were worth $3,836,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. IMS Capital Management bought a new stake in Maxar Technologies during the 3rd quarter valued at approximately $35,000. Teachers Advisors LLC boosted its position in Maxar Technologies by 1.1% during the 3rd quarter. Teachers Advisors LLC now owns 110,900 shares of the company’s stock valued at $3,667,000 after acquiring an additional 1,209 shares in the last quarter. Legal & General Group Plc boosted its position in Maxar Technologies by 6.8% during the 4th quarter. Legal & General Group Plc now owns 31,423 shares of the company’s stock valued at $375,000 after acquiring an additional 2,014 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in Maxar Technologies by 5.9% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 80,051 shares of the company’s stock valued at $957,000 after acquiring an additional 4,440 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Maxar Technologies by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 183,090 shares of the company’s stock valued at $6,055,000 after acquiring an additional 4,822 shares in the last quarter. 71.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Daniel L. Jablonsky acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $5.15 per share, for a total transaction of $103,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mike Greenley acquired 10,715 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $5.23 per share, with a total value of $56,039.45. The disclosure for this purchase can be found here. Insiders have bought 56,015 shares of company stock valued at $286,907 over the last quarter. Company insiders own 0.59% of the company’s stock.

MAXR has been the topic of several research reports. TD Securities cut their price objective on Maxar Technologies from $24.00 to $18.50 and set a “speculative buy” rating on the stock in a research report on Monday, January 28th. Zacks Investment Research cut Maxar Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. CIBC reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Maxar Technologies in a research report on Wednesday, January 9th. ValuEngine raised Maxar Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, National Bank Financial cut Maxar Technologies from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 8th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.54.

MAXR stock opened at $4.91 on Monday. Maxar Technologies Inc has a 52-week low of $3.83 and a 52-week high of $55.28. The company has a market cap of $292.54 million, a PE ratio of -1.69 and a beta of 1.18. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 4.70.

Maxar Technologies (NYSE:MAXR) last released its earnings results on Thursday, February 28th. The company reported ($1.38) earnings per share (EPS) for the quarter. Maxar Technologies had a negative net margin of 64.00% and a positive return on equity of 8.11%. The business had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $520.00 million. Sell-side analysts predict that Maxar Technologies Inc will post -2.37 EPS for the current year.

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Maxar Technologies Company 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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