112,500 Shares in CAE Inc (NYSE:CAE) Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. acquired a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 112,500 shares of the aerospace company's stock, valued at approximately $2,769,000.

A number of other institutional investors have also recently bought and sold shares of CAE. Ossiam raised its stake in shares of CAE by 1.0% during the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after purchasing an additional 447 shares during the period. Cetera Investment Advisers increased its holdings 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 buying an additional 497 shares during the last quarter. Rathbones Group PLC raised its position in CAE by 0.9% in the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after acquiring an additional 500 shares during the period. CANADA LIFE ASSURANCE Co raised its position in CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after acquiring an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC boosted its stake in CAE by 1.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after acquiring an additional 666 shares during the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Stock Performance

Shares of CAE stock traded down $0.35 during trading hours on Friday, reaching $26.21. The company had a trading volume of 517,462 shares, compared to its average volume of 531,073. CAE Inc has a one year low of $15.95 and a one year high of $27.62. The business has a fifty day simple moving average of $25.35 and a 200 day simple moving average of $24.54. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. The firm has a market cap of $8.40 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28.

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, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to analysts' expectations of $1.30 billion. CAE had a return on equity of 8.17% and a net margin of 8.55%. The company's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. On average, analysts anticipate that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Jefferies Financial Group decreased their target price on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Royal Bank Of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $41.00 to $38.00 in a research note on Wednesday, May 21st. Wall Street Zen upgraded CAE from a "hold" rating to a "buy" rating in a research note on Tuesday, May 27th. Finally, CIBC restated a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.33.

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.