CAE Inc. (NYSE:CAE) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 95,302 shares of the aerospace company’s stock after purchasing an additional 3,741 shares during the period. Hantz Financial Services Inc.’s holdings in CAE were worth $2,419,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. National Bank of Canada FI grew its stake in CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company’s stock valued at $117,023,000 after acquiring an additional 736,895 shares during the last quarter. Bank of Montreal Can grew its position in shares of CAE by 1.6% in the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Nexus Investment Management ULC increased its stake in shares of CAE by 2.8% during the 3rd quarter. Nexus Investment Management ULC now owns 1,486,990 shares of the aerospace company’s stock worth $27,950,000 after purchasing an additional 40,000 shares in the last quarter. Toronto Dominion Bank raised its position in shares of CAE by 40.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock worth $26,820,000 after purchasing an additional 412,906 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after buying an additional 103,081 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CAE. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.00.

CAE Price Performance

CAE stock opened at $24.39 on Friday. 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 quick ratio of 0.59 and a current ratio of 0.84. The firm has a 50 day moving average price of $23.93 and a 200 day moving average price of $20.32. The company has a market cap of $7.80 billion, a price-to-earnings ratio of -31.68, a PEG ratio of 1.81 and a beta of 1.72.

About CAE

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.