Citigroup Inc. Reduces Stock Holdings in Maxar Technologies Inc. (NYSE:MAXR)

Citigroup Inc. reduced its holdings in Maxar Technologies Inc. (NYSE:MAXR – Get Rating) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,101 shares of the company’s stock after selling 4,109 shares during the period. Citigroup Inc. owned about 0.10% of Maxar Technologies worth $3,782,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Maxar Technologies by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,726,364 shares of the company’s stock valued at $125,917,000 after acquiring an additional 185,501 shares during the last quarter. BlackRock Inc. boosted its holdings in Maxar Technologies by 7.7% during the first quarter. BlackRock Inc. now owns 5,935,838 shares of the company’s stock worth $234,228,000 after buying an additional 424,367 shares in the last quarter. State Street Corp boosted its holdings in Maxar Technologies by 14.4% during the first quarter. State Street Corp now owns 3,456,849 shares of the company’s stock worth $136,407,000 after buying an additional 434,992 shares in the last quarter. Boston Partners boosted its holdings in Maxar Technologies by 9.1% during the third quarter. Boston Partners now owns 3,377,013 shares of the company’s stock worth $63,238,000 after buying an additional 282,721 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Maxar Technologies by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,092,483 shares of the company’s stock worth $39,170,000 after buying an additional 165,369 shares in the last quarter. 78.52% of the stock is owned by hedge funds and other institutional investors.

Maxar Technologies Price Performance

Maxar Technologies stock opened at $52.99 on Monday. Maxar Technologies Inc. has a 12-month low of $17.51 and a 12-month high of $52.99. The stock has a market cap of $4.00 billion, a P/E ratio of -25.00, a PEG ratio of 1.51 and a beta of 0.86. The company has a 50-day moving average price of $51.90 and a 200 day moving average price of $45.70. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 1.56.

Maxar Technologies (NYSE:MAXR – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.68). Maxar Technologies had a negative return on equity of 4.45% and a negative net margin of 9.35%. The firm had revenue of $326.00 million for the quarter, compared to analyst estimates of $440.56 million. Sell-side analysts anticipate that Maxar Technologies Inc. will post 0.91 earnings per share for the current year.

Maxar Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend was Tuesday, March 14th. Maxar Technologies’s payout ratio is currently -1.89%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $53.00 price objective on shares of Maxar Technologies in a research report on Thursday, February 23rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.50.

Insider Buying and Selling

In related news, CFO Biggs C. Porter sold 96,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $51.53, for a total transaction of $4,946,880.00. Following the completion of the sale, the chief financial officer now directly owns 259,979 shares in the company, valued at $13,396,717.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Maxar Technologies news, CFO Biggs C. Porter sold 96,000 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $51.53, for a total transaction of $4,946,880.00. Following the completion of the transaction, the chief financial officer now owns 259,979 shares of the company’s stock, valued at $13,396,717.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eddy Zervigon sold 17,837 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $51.45, for a total transaction of $917,713.65. Following the transaction, the director now directly owns 13,496 shares of the company’s stock, valued at approximately $694,369.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,037 shares of company stock worth $6,695,135. Insiders own 2.49% of the company’s stock.

Maxar Technologies Profile

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Maxar Technologies Inc provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada, and internationally. It operates through two segments, Earth Intelligence and Space Infrastructure. The Earth Intelligence segment offers earth imagery and other geospatial data sourced from its advanced satellite constellation and third-party providers to public sector and enterprise customers, as well as a provides advanced geospatial information, applications, and analytic services for national security and commercial solutions.