394,470 Shares in CAE Inc $CAE Purchased by Tidal Investments LLC

Key Points

• Tidal Investments LLC purchased 394,470 CAE shares during the second quarter, valued at approximately $9.9 million and representing 0.12% of the company. Institutional investors collectively own 67.36% of CAE.
• Analyst sentiment remains mixed: five analysts rate CAE a Buy, four recommend Hold, and one recommends Sell, resulting in an overall “Hold” rating and a consensus price target of $31.
• CAE exceeded quarterly expectations, reporting adjusted earnings of $0.19 per share versus the $0.17 consensus and revenue of $826.4 million, up 6.8% year over year. Shares opened at $23.98, near the company’s 12-month low of $22.76.

Tidal Investments LLC purchased a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 394,470 shares of the aerospace company's stock, valued at approximately $9,885,000. Tidal Investments LLC owned 0.12% of CAE as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of CAE during the 2nd quarter worth approximately $65,215,000. Polar Asset Management Partners Inc. purchased a new position in CAE in the first quarter valued at approximately $3,253,000. Bank of Nova Scotia purchased a new position in CAE in the second quarter valued at approximately $42,956,000. Alberta Investment Management Corp bought a new position in CAE during the second quarter valued at $2,159,000. Finally, Sycale Advisors NY LLC purchased a new stake in CAE in the second quarter worth $11,190,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CAE shares. Jefferies Financial Group reaffirmed a "hold" rating on shares of CAE in a research report on Thursday, August 13th. Morgan Stanley lowered CAE from an "equal weight" rating to an "underweight" rating in a report on Wednesday, July 15th. Royal Bank Of Canada lowered their price objective on CAE from $42.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of CAE from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, July 23rd. Finally, National Bank Financial reiterated an "outperform" rating on shares of CAE in a research report on Friday, May 22nd. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.00.

CAE Trading Up 1.3%

Shares of CAE stock opened at $23.98 on Friday. The company's 50-day moving average price is $25.39 and its 200-day moving average price is $26.09. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. CAE Inc has a 12-month low of $22.76 and a 12-month high of $34.24. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.85 and a beta of 1.01.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $826.42 million for the quarter, compared to analyst estimates of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. CAE's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. On average, equities analysts expect that CAE Inc will post 0.87 earnings per share for the current fiscal year.

CAE Company Profile

CAE Inc is a Canadian technology company that develops simulation, training and mission-support solutions for the aviation and defense markets. Founded in 1947 and headquartered in Montréal, Québec, the company serves commercial airlines, business aviation operators, aircraft manufacturers, defense forces and government agencies worldwide.

In civil aviation, CAE provides flight simulators, pilot-training systems, aviation training services and digital tools designed to support pilot recruitment, instruction, certification and recurrent training.

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