CAE Inc. (NYSE:CAE) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. grew its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 20.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 210,223 shares of the aerospace company’s stock after purchasing an additional 35,222 shares during the period. Stanley Laman Group Ltd. owned 0.07% of CAE worth $3,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its holdings in shares of CAE by 142.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares during the period. Spire Wealth Management raised its holdings in shares of CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 697 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of CAE by 3,712.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 2,710 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Price Performance

CAE traded down $0.54 on Friday, reaching $17.41. The company had a trading volume of 558,837 shares, compared to its average volume of 594,195. The company has a fifty day moving average of $18.19 and a 200-day moving average of $19.14. The company has a market capitalization of $5.56 billion, a P/E ratio of -24.18, a PEG ratio of 1.25 and a beta of 1.67. The company has a current ratio of 0.85, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. CAE Inc. has a one year low of $15.95 and a one year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.18 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that CAE Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CAE shares. Morgan Stanley cut shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. Desjardins lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, CAE currently has an average rating of “Hold” and an average price target of $28.00.

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.