CAE (NYSE:CAE) Shares Down 3.5% – Time to Sell?

Shares of CAE Inc. (NYSE:CAE) (TSE:CAE) fell 3.5% on Friday . The company traded as low as $22.47 and last traded at $22.49. 288,263 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 591,365 shares. The stock had previously closed at $23.31.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, CAE has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Price Performance

The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $18.98 and a 200-day moving average of $18.67. The company has a market cap of $7.30 billion, a P/E ratio of -30.27, a P/E/G ratio of 1.67 and a beta of 1.67.

Hedge Funds Weigh In On CAE

A number of institutional investors and hedge funds have recently made changes to their positions in CAE. IHT Wealth Management LLC boosted its position in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 802 shares in the last quarter. Confluence Investment Management LLC grew its position in CAE by 3.5% during the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock valued at $466,000 after buying an additional 857 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of CAE by 2.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock valued at $632,000 after acquiring an additional 871 shares during the last quarter. Cromwell Holdings LLC boosted its stake in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after buying an additional 915 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.