CAE Inc. (NYSE:CAE) Short Interest Down 19.9% in May

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 2,660,000 shares, a decline of 19.9% from the April 30th total of 3,320,000 shares. Currently, 0.8% of the company's stock are sold short. Based on an average daily trading volume, of 515,000 shares, the days-to-cover ratio is currently 5.2 days.

Institutional Trading of CAE

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ossiam lifted its holdings in CAE by 1.0% in the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock valued at $1,173,000 after acquiring an additional 447 shares during the period. United Services Automobile Association boosted its position in CAE by 4.5% during the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after purchasing an additional 462 shares in the last quarter. Cetera Investment Advisers boosted its position in CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after purchasing an additional 497 shares in the last quarter. Rathbones Group PLC grew its holdings in CAE by 0.9% in the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after purchasing an additional 500 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after buying an additional 646 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAE has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price target on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Royal Bank of Canada lowered shares of CAE from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $41.00 to $38.00 in a research note on Wednesday, May 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Finally, Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $32.33.

CAE Stock Performance

Shares of CAE stock traded up $0.08 during trading hours on Thursday, hitting $26.18. The company's stock had a trading volume of 273,629 shares, compared to its average volume of 559,002. The stock has a market cap of $8.38 billion, a PE ratio of -50.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a 50 day moving average of $24.49 and a 200 day moving average of $24.28. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. On average, sell-side analysts forecast that CAE will post 0.83 EPS for the current fiscal year.

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.