Bank of New York Mellon Corp boosted its position in shares of Maxar Technologies Inc (NYSE:MAXR) by 2.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,090 shares of the company’s stock after acquiring an additional 4,822 shares during the quarter. Bank of New York Mellon Corp owned 0.31% of Maxar Technologies worth $6,055,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MAXR. Public Employees Retirement System of Ohio purchased a new position in shares of Maxar Technologies in the 2nd quarter valued at about $177,000. GHP Investment Advisors Inc. purchased a new stake in Maxar Technologies during the third quarter worth approximately $298,000. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Maxar Technologies by 116.7% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 13,000 shares of the company’s stock worth $427,000 after purchasing an additional 7,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Maxar Technologies during the third quarter worth approximately $536,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Maxar Technologies during the third quarter worth approximately $656,000. Institutional investors own 79.83% of the company’s stock.
Several research firms recently weighed in on MAXR. Zacks Investment Research upgraded Maxar Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Royal Bank of Canada decreased their target price on Maxar Technologies to $40.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. TD Securities decreased their target price on Maxar Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. CIBC cut Maxar Technologies from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, November 1st. Finally, ValuEngine upgraded Maxar Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.67.
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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