FNY Managed Accounts LLC Acquires New Holdings in Maxar Technologies Ltd. (MAXR)
FNY Managed Accounts LLC acquired a new position in Maxar Technologies Ltd. (NYSE:MAXR) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 38,344 shares of the company’s stock, valued at approximately $2,466,000. Maxar Technologies makes up about 2.3% of FNY Managed Accounts LLC’s portfolio, making the stock its 14th largest holding.
A number of other large investors have also recently added to or reduced their stakes in the stock. Cardinal Capital Management Inc. acquired a new position in Maxar Technologies in the fourth quarter worth approximately $22,289,000. Hexavest Inc. acquired a new position in Maxar Technologies in the fourth quarter worth approximately $11,245,000. Montrusco Bolton Investments Inc. acquired a new position in Maxar Technologies in the fourth quarter worth approximately $3,246,000. Finally, Addenda Capital Inc. acquired a new position in Maxar Technologies in the fourth quarter worth approximately $8,240,000. Hedge funds and other institutional investors own 5.03% of the company’s stock.
A number of brokerages have issued reports on MAXR. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Maxar Technologies in a research report on Wednesday, October 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 target price on shares of Maxar Technologies in a research report on Thursday, October 5th.
Maxar Technologies (NYSE:MAXR) last announced its earnings results on Thursday, November 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.15). Maxar Technologies had a return on equity of 12.02% and a net margin of 4.07%. analysts expect that Maxar Technologies Ltd. will post 3.86 EPS for the current year.
The business also recently announced a Not Available dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.289 per share. The ex-dividend date of this dividend was Thursday, December 14th. Maxar Technologies’s payout ratio is currently 70.24%.
Maxar Technologies Company 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.
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