Sycale Advisors NY LLC Lowers Position in CAE Inc $CAE

Sycale Advisors NY LLC lowered its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 38.5% during the 1st quarter, HoldingsChannel reports. The fund owned 762,707 shares of the aerospace company’s stock after selling 477,475 shares during the period. CAE comprises 9.9% of Sycale Advisors NY LLC’s portfolio, making the stock its 4th biggest holding. Sycale Advisors NY LLC’s holdings in CAE were worth $19,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CAE. Norges Bank bought a new stake in shares of CAE during the 4th quarter valued at $98,377,000. FIL Ltd boosted its stake in CAE by 21.9% in the 4th quarter. FIL Ltd now owns 10,422,522 shares of the aerospace company’s stock worth $316,955,000 after purchasing an additional 1,874,739 shares during the period. TD Asset Management Inc boosted its stake in CAE by 82.5% in the 4th quarter. TD Asset Management Inc now owns 2,704,860 shares of the aerospace company’s stock worth $82,364,000 after purchasing an additional 1,222,581 shares during the period. Morgan Stanley grew its holdings in CAE by 114.0% during the 4th quarter. Morgan Stanley now owns 2,059,644 shares of the aerospace company’s stock valued at $62,654,000 after buying an additional 1,097,193 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of CAE by 142.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after buying an additional 1,004,820 shares during the period. 67.36% of the stock is owned by institutional investors.

CAE Stock Performance

NYSE:CAE opened at $24.27 on Thursday. The business’s 50-day moving average price is $25.25 and its two-hundred day moving average price is $27.76. CAE Inc has a twelve month low of $22.76 and a twelve month high of $34.24. The stock has a market cap of $7.80 billion, a P/E ratio of 34.19, a PEG ratio of 2.87 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. CAE had a return on equity of 7.45% and a net margin of 6.36%.The company had revenue of $953.79 million during the quarter, compared to analyst estimates of $924.83 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. CAE’s revenue was up 4.0% on a year-over-year basis. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. As a group, equities analysts predict that CAE Inc will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. National Bank Financial reissued an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Royal Bank Of Canada lowered their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $26.00 price target on shares of CAE in a report on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CAE has a consensus rating of “Hold” and an average target price of $31.00.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.