Browning West LP Acquires New Shares in CAE Inc. (NYSE:CAE)

Browning West LP purchased a new position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,934,931 shares of the aerospace company's stock, valued at approximately $150,629,000. CAE comprises about 15.1% of Browning West LP's portfolio, making the stock its 3rd largest position. Browning West LP owned 1.86% of CAE at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after purchasing an additional 6,313,165 shares during the period. Norges Bank purchased a new position in shares of CAE during the fourth quarter valued at approximately $98,436,000. Bank of America Corp DE increased its stake in shares of CAE by 195.3% during the fourth quarter. Bank of America Corp DE now owns 2,350,178 shares of the aerospace company's stock valued at $59,648,000 after buying an additional 1,554,266 shares during the period. First Eagle Investment Management LLC bought a new position in shares of CAE during the fourth quarter valued at approximately $24,207,000. Finally, Capital International Investors boosted its holdings in CAE by 80.3% in the fourth quarter. Capital International Investors now owns 1,657,584 shares of the aerospace company's stock valued at $42,090,000 after acquiring an additional 738,361 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CAE shares. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Saturday, April 12th. The Goldman Sachs Group lifted their price target on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. Finally, National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CAE has an average rating of "Hold" and an average price target of $32.00.

CAE Stock Up 1.6 %

Shares of NYSE:CAE traded up $0.40 on Wednesday, hitting $25.82. 337,780 shares of the company traded hands, compared to its average volume of 561,182. The stock has a 50 day simple moving average of $24.04 and a 200-day simple moving average of $23.36. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company has a market cap of $8.27 billion, a PE ratio of -49.65, a PEG ratio of 1.94 and a beta of 1.26. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, research analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

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.