5 Stocks US Senators Are Selling

1. Maxar Technologies Inc. (NYSE:MAXR)

Number of Hedge Fund Holders: 16

Maxar Technologies Inc. (NYSE:MAXR) was founded in 1957 and is headquartered in Westminster, Colorado. The company provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, and Canada. US senator Thomas Carper sold Maxar Technologies Inc. (NYSE:MAXR) shares worth between $1,000 and $15,000 on March 7, disclosing the transaction 29 days later on April 6. 

On February 23, BMO Capital analyst Thanos Moschopoulos reiterated a Market Perform rating on Maxar Technologies Inc. (NYSE:MAXR) and slashed his price target on the shares to C$33.

In 2021, Maxar Technologies Inc. (NYSE:MAXR)’s full-year revenue amounted to $1.77 billion, a slight improvement from the prior-year revenue of $1.72 billion. Net income in 2021 declined to $46 million from $303 million in the previous year. 

According to Insider Monkey’s Q4 database, 16 hedge funds were bullish on Maxar Technologies Inc. (NYSE:MAXR), compared to 13 funds in the last quarter. Jeffrey Jacobowitz’s Simcoe Capital Management held the largest stake in the company, with 2.5 million shares worth approximately $75 million.

You can also take a look at 10 Best Biotech Stocks Under $5 and 10 Best Dividend Stocks for Roth IRA. 

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