Alyeska Investment Group L.P. decreased its holdings in shares of MDA Space Ltd. (NYSE:MDA - Free Report) by 73.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the company's stock after selling 275,000 shares during the quarter. Alyeska Investment Group L.P. owned about 0.06% of MDA Space worth $4,128,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MDA. Tacita Capital Inc grew its position in MDA Space by 16,480.0% in the 2nd quarter. Tacita Capital Inc now owns 2,487 shares of the company's stock worth $103,000 after purchasing an additional 2,472 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of MDA Space during the 2nd quarter worth about $276,000. Citizens Financial Group Inc. RI acquired a new position in shares of MDA Space during the second quarter valued at about $388,000. Quantbot Technologies LP acquired a new position in shares of MDA Space during the second quarter valued at about $593,000. Finally, SCS Capital Management LLC bought a new stake in shares of MDA Space in the second quarter valued at about $1,003,000.
MDA Space Stock Performance
MDA Space stock opened at $28.41 on Wednesday. The business has a fifty day simple moving average of $33.49. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.61 billion and a price-to-earnings ratio of 52.61. MDA Space Ltd. has a 52 week low of $23.23 and a 52 week high of $49.37.
MDA Space (NYSE:MDA - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.26 EPS for the quarter, topping 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 net margin of 5.68% and a return on equity of 9.42%. On average, equities research analysts predict that MDA Space Ltd. will post 0.95 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. ATB Cormark Capital Markets downgraded MDA Space from a "moderate buy" rating to a "hold" rating in a research report on Friday, May 29th. Zacks Research upgraded MDA Space from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. Weiss Ratings lowered MDA Space from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of MDA Space in a research report on Monday, June 22nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $49.00 target price on shares of MDA Space in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.00.
Check Out Our Latest Report on MDA Space
About MDA Space
(
Free Report)
MDA Space Ltd is a developer and manufacturer of technology and services to the space industry. It is an international space mission partner and robotics, satellite systems, and geo-intelligence pioneer. It is engaged in communications satellites, Earth and space observation, space exploration, and infrastructure. The Company collaborates and partners with governments and space agencies, commercial space companies, and defence and aerospace prime contractors in the space industry. Geographically, it generates the majority of its revenue from Canada.
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