Maxar Technologies Target of Unusually High Options Trading (MAXR)

Maxar Technologies Inc (NYSE:MAXR) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 2,658 call options on the stock. This is an increase of 1,041% compared to the typical volume of 233 call options.

Shares of MAXR stock opened at $6.83 on Tuesday. Maxar Technologies has a 12 month low of $3.83 and a 12 month high of $55.28. The company has a market cap of $387.86 million, a price-to-earnings ratio of -2.36 and a beta of 1.47. The company has a debt-to-equity ratio of 4.70, a current ratio of 0.75 and a quick ratio of 0.71.

Maxar Technologies (NYSE:MAXR) last announced its earnings results on Thursday, February 28th. The company reported ($1.38) 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. As a group, research analysts predict that Maxar Technologies will post -2.37 earnings per share for the current year.

MAXR has been the subject of several research reports. TD Securities decreased their price objective on shares of Maxar Technologies from $24.00 to $18.50 and set a “speculative buy” rating for the company in a report on Monday, January 28th. Zacks Investment Research cut shares of Maxar Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. CIBC reissued a “neutral” rating and set a $15.00 price objective on shares of Maxar Technologies in a report on Wednesday, January 9th. ValuEngine raised shares of Maxar Technologies from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, National Bank Financial cut shares of Maxar Technologies from an “outperform” rating to a “sector perform” rating in a 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. Maxar Technologies has a consensus rating of “Hold” and a consensus target price of $21.54.

In related news, insider Daniel L. Jablonsky acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $5.15 per share, with a total value of $103,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nick Cyprus acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $5.03 per share, with a total value of $25,150.00. 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 three months. 0.59% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Maxar Technologies by 244.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,196 shares of the company’s stock worth $127,000 after purchasing an additional 7,948 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Maxar Technologies during the fourth quarter worth $143,000. Marshall Wace LLP bought a new position in shares of Maxar Technologies during the third quarter worth $396,000. Menta Capital LLC bought a new position in shares of Maxar Technologies during the first quarter worth $53,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Maxar Technologies by 316.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 17,655 shares of the company’s stock worth $211,000 after acquiring an additional 13,420 shares during the last quarter. 72.39% of the stock is owned by institutional investors and hedge funds.

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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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