446,527 Shares in CAE Inc $CAE Bought by Sycale Advisors NY LLC

Key Points

• Sycale Advisors NY LLC bought 446,527 shares of CAE in the second quarter, valued at approximately $11.19 million. The position represents 3.4% of the firm’s holdings and 0.14% of CAE’s outstanding shares.
• Institutional investors own 67.36% of CAE, with several firms—including Goldman Sachs, Millennium Management and Marshall Wace—recently increasing or initiating positions.
• CAE exceeded quarterly expectations, reporting $0.19 EPS and $826.42 million in revenue, up 6.8% year over year. Despite the earnings beat, analysts maintain a consensus “Hold” rating with a $31 price target.

Sycale Advisors NY LLC bought a new position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 446,527 shares of the aerospace company's stock, valued at approximately $11,190,000. CAE accounts for approximately 3.4% of Sycale Advisors NY LLC's holdings, making the stock its 8th largest position. Sycale Advisors NY LLC owned 0.14% of CAE as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Millennium Management LLC bought a new stake in CAE in the 1st quarter valued at about $4,170,000. Goldman Sachs Group Inc. grew its position in CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company's stock worth $42,036,000 after purchasing an additional 1,004,820 shares during the last quarter. United Services Automobile Association increased its stake in shares of CAE by 4.5% in the first quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock valued at $265,000 after purchasing an additional 462 shares during the period. Prudential Financial Inc. acquired a new stake in shares of CAE in the second quarter valued at approximately $287,000. Finally, Marshall Wace LLP bought a new stake in shares of CAE during the second quarter valued at approximately $3,655,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Performance

CAE opened at $24.99 on Friday. The business has a 50 day moving average price of $25.66 and a two-hundred day moving average price of $26.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 35.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. CAE Inc has a 1-year low of $22.76 and a 1-year high of $34.24.

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

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of recent analyst reports. National Bank Financial reissued an "outperform" rating on shares of CAE in a report on Friday, May 22nd. Jefferies Financial Group reiterated a "hold" rating on shares of CAE in a research report on Thursday, August 13th. Morgan Stanley cut CAE from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, July 15th. Royal Bank Of Canada lowered their price target on CAE from $42.00 to $36.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 26th. Finally, Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Saturday, June 20th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, CAE presently has an average rating of "Hold" and a consensus price target 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.

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