Van Berkom & Associates Inc. Acquires 91,798 Shares of MDA Space Ltd. $MDA

Key Points

• Van Berkom & Associates acquired 91,798 MDA Space shares in the third quarter, worth approximately $2.73 million and representing 0.06% of the company.
• Several other institutional investors also disclosed new positions, including VanECK Associates, whose stake was valued at about $135.8 million.
• MDA Space beat quarterly earnings expectations, reporting EPS of $0.26 versus the $0.20 consensus. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $50.

Van Berkom & Associates Inc. acquired a new stake in MDA Space Ltd. (NYSE:MDA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 91,798 shares of the company's stock, valued at approximately $2,727,000. Van Berkom & Associates Inc. owned 0.06% of MDA Space as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp acquired a new position in MDA Space during the 2nd quarter worth about $135,771,000. Tidal Investments LLC bought a new stake in shares of MDA Space in the 2nd quarter valued at about $53,428,000. TD Waterhouse Canada Inc. bought a new stake in shares of MDA Space in the 2nd quarter valued at about $28,441,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MDA Space in the third quarter valued at about $21,289,000. Finally, Montrusco Bolton Investments Inc. acquired a new stake in shares of MDA Space in the third quarter valued at about $12,052,000.

MDA Space Price Performance

MDA stock opened at $30.75 on Tuesday. The firm has a market cap of $4.99 billion and a price-to-earnings ratio of 56.94. The company has a quick ratio of 0.72, a current ratio of 0.75 and a debt-to-equity ratio of 0.19. MDA Space Ltd. has a 12-month low of $23.23 and a 12-month high of $49.37. The company's fifty day simple moving average is $28.95 and its 200 day simple moving average is $33.21.

MDA Space (NYSE:MDA - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. MDA Space had a return on equity of 9.42% and a net margin of 5.68%. On average, analysts expect that MDA Space Ltd. will post 0.96 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDA. Weiss Ratings downgraded MDA Space from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 18th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $60.00 target price on shares of MDA Space in a report on Monday, August 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $41.00 target price on shares of MDA Space in a report on Monday, August 10th. JPMorgan Chase & Co. increased their target price on shares of MDA Space from $43.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of MDA Space in a report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, MDA Space has a consensus rating of "Moderate Buy" and an average price target of $50.00.

About MDA Space

MDA Space is a Canadian space technology company that develops and provides systems and services for government, commercial and defense customers. Its work spans satellite communications, Earth observation and space robotics, supporting missions and operations on Earth and in orbit.

The company designs and builds satellites and related systems, provides geospatial data and analytics, and develops robotic technologies for space. Its robotics work includes contributions to the Canadarm2 and Dextre systems on the International Space Station, as well as work on Canadarm3, planned for the Lunar Gateway.

Founded in 1969, MDA has operated under several corporate structures, including as part of Maxar Technologies, before returning to independent ownership and adopting the MDA Space name.

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