Addenda Capital Inc. Grows Stock Position in CAE Inc. (NYSE:CAE)

Addenda Capital Inc. grew its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 398,803 shares of the aerospace company’s stock after buying an additional 2,110 shares during the period. Addenda Capital Inc. owned 0.13% of CAE worth $10,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brandes Investment Partners LP boosted its position in CAE by 103.8% during the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock worth $206,027,000 after purchasing an additional 5,640,269 shares during the period. National Bank of Canada FI lifted its holdings in CAE by 13.4% during the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock worth $117,023,000 after purchasing an additional 736,895 shares in the last quarter. Bank of Montreal Can boosted its stake in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after purchasing an additional 77,489 shares during the period. Earnest Partners LLC bought a new position in shares of CAE in the second quarter valued at approximately $82,597,000. Finally, Nexus Investment Management ULC grew its stake in CAE by 2.8% during the third quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock valued at $27,950,000 after acquiring an additional 40,000 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

CAE has been the subject of several analyst reports. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Stock Up 0.3 %

Shares of CAE opened at $24.14 on Tuesday. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $25.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The stock has a 50 day simple moving average of $23.54 and a two-hundred day simple moving average of $20.02. The firm has a market cap of $7.69 billion, a P/E ratio of -31.36, a P/E/G ratio of 1.76 and a beta of 1.72.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.