22,846 Shares in MDA Space Ltd. $MDA Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new stake in MDA Space Ltd. (NYSE:MDA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,846 shares of the company’s stock, valued at approximately $677,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDA. Van ECK Associates Corp acquired a new stake in MDA Space during the second quarter worth $135,771,000. Tidal Investments LLC bought a new stake in MDA Space in the 2nd quarter valued at $53,428,000. Caisse de depot et placement du Quebec increased its stake in MDA Space by 13.7% in the second quarter. Caisse de depot et placement du Quebec now owns 785,799 shares of the company’s stock valued at $32,457,000 after acquiring an additional 94,799 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of MDA Space by 37.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 992,507 shares of the company’s stock worth $28,630,000 after buying an additional 272,974 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in MDA Space during the second quarter worth $15,665,000.

Wall Street Analyst Weigh In

A number of research firms have commented on MDA. Weiss Ratings lowered shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. upped their price target on shares of MDA Space from $43.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. National Bank Financial began coverage on shares of MDA Space in a report on Monday, September 14th. They set an “outperform” rating on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 price objective on shares of MDA Space in a report on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 price objective on shares of MDA Space in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, MDA Space has a consensus rating of “Moderate Buy” and an average target price of $50.00.

MDA Space Price Performance

MDA stock opened at $27.58 on Wednesday. The stock has a 50 day moving average of $30.05. MDA Space Ltd. has a fifty-two week low of $23.23 and a fifty-two week high of $49.37. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.47 billion and a PE ratio of 51.07.

MDA Space (NYSE:MDA) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $360.18 million for the quarter, compared to analyst estimates of $321.87 million. MDA Space had a return on equity of 9.42% and a net margin of 5.68%. As a group, equities analysts expect that MDA Space Ltd. will post 0.96 earnings per share for the current fiscal year.

MDA Space Profile

MDA Space Ltd. is a Canadian space technology company that designs and delivers systems, products and services for government and commercial customers. Its activities span satellite communications, Earth observation, space robotics, geointelligence and lunar exploration, with capabilities covering mission planning, engineering, manufacturing and in-orbit support.

The company is known for developing space robotics and automation technologies, including systems used on the International Space Station, as well as satellite payloads, satellite subsystems and communications platforms.