Van Berkom & Associates Inc. Purchases New Holdings in MDA Space Ltd. $MDA

Van Berkom & Associates Inc. purchased a new position in shares of MDA Space Ltd. (NYSE:MDA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 91,798 shares of the company’s stock, valued at approximately $2,727,000.

Several other large investors also recently modified their holdings of the stock. Tacita Capital Inc grew its position in shares of MDA Space by 16,480.0% during the 2nd quarter. Tacita Capital Inc now owns 2,487 shares of the company’s stock worth $103,000 after buying an additional 2,472 shares during the period. Nykredit A S bought a new stake in shares of MDA Space in the 2nd quarter valued at $124,000. Capstone Investment Advisors LLC acquired a new position in shares of MDA Space during the 2nd quarter valued at $276,000. Envestnet Asset Management Inc. acquired a new position in shares of MDA Space during the 2nd quarter valued at $317,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of MDA Space during the 3rd quarter valued at $234,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDA. Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 target price on shares of MDA Space in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $41.00 price target on shares of MDA Space in a research note on Monday, August 10th. JPMorgan Chase & Co. upped their price objective on shares of MDA Space from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. National Bank Financial started coverage on shares of MDA Space in a report on Monday, September 14th. They set an “outperform” rating on the stock. Finally, Weiss Ratings cut shares of MDA Space from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

MDA Space Trading Up 8.3%

Shares of MDA Space stock opened at $30.75 on Tuesday. The stock has a market capitalization of $4.99 billion and a PE ratio of 56.94. MDA Space Ltd. has a 52 week low of $23.23 and a 52 week high of $49.37. The stock has a 50 day moving average price of $28.95 and a two-hundred day moving average price of $33.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 0.75.

MDA Space (NYSE:MDA) last issued its 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%. As a group, equities analysts anticipate that MDA Space Ltd. will post 0.96 earnings per share for the current fiscal year.

MDA Space Profile

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.