1832 Asset Management L.P. Increases Stock Holdings in CAE Inc. (NYSE:CAE)

1832 Asset Management L.P. raised its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,881,594 shares of the aerospace company’s stock after purchasing an additional 27,299 shares during the quarter. 1832 Asset Management L.P.’s holdings in CAE were worth $38,836,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hillsdale Investment Management Inc. increased its stake in CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 500 shares during the last quarter. Spire Wealth Management lifted its holdings in CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 697 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 707 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of CAE by 2.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 31,621 shares of the aerospace company’s stock valued at $678,000 after acquiring an additional 790 shares during the period. Finally, Metis Global Partners LLC raised its stake in CAE by 5.8% during the 4th quarter. Metis Global Partners LLC now owns 17,114 shares of the aerospace company’s stock valued at $369,000 after purchasing an additional 941 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Trading Up 0.1 %

Shares of CAE stock traded up $0.02 during trading on Friday, hitting $17.67. The company’s stock had a trading volume of 508,076 shares, compared to its average volume of 468,174. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of -24.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.67. The stock has a 50-day moving average price of $18.70 and a two-hundred day moving average price of $19.50. CAE Inc. has a 52 week low of $17.40 and a 52 week high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Monday, May 27th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.16). CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. The company had revenue of $835.47 million for the quarter, compared to analysts’ expectations of $863.18 million. During the same quarter in the previous year, the business earned $0.26 EPS. Equities research analysts anticipate that CAE Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group initiated coverage on CAE in a research note on Thursday, June 6th. They issued a “hold” rating and a $21.00 price target for the company. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. StockNews.com cut CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Desjardins cut CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Canaccord Genuity Group downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, CAE has a consensus rating of “Hold” and an average price target of $32.00.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.