Addenda Capital Inc. Has $11.55 Million Position in CAE Inc $CAE

Key Points

• Addenda Capital Inc. reduced its stake in CAE Inc by 2.3%, holding 394,594 shares valued at approximately $11.55 million, according to its latest SEC filing.
• Several institutional investors have increased their holdings in CAE, with Browning West LP leading with a 131.4% growth, now owning over 13.7 million shares worth $337.7 million.
• CAE's stock is currently rated as a "Moderate Buy" with a consensus price target of $33.67, supported by multiple brokerage upgrades and recommendations from analysts.

Addenda Capital Inc. cut its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,594 shares of the aerospace company's stock after selling 9,397 shares during the quarter. Addenda Capital Inc. owned about 0.12% of CAE worth $11,550,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Browning West LP increased its holdings in shares of CAE by 131.4% during the 1st quarter. Browning West LP now owns 13,734,943 shares of the aerospace company's stock worth $337,742,000 after acquiring an additional 7,800,012 shares during the last quarter. Vanguard Group Inc. grew its holdings in CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company's stock valued at $303,957,000 after buying an additional 149,142 shares in the last quarter. Select Equity Group L.P. grew its holdings in CAE by 16.7% in the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company's stock valued at $193,314,000 after buying an additional 1,122,470 shares in the last quarter. National Bank of Canada FI grew its holdings in CAE by 15.6% in the 1st quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company's stock valued at $149,530,000 after buying an additional 822,037 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in CAE by 12.8% in the 1st quarter. American Century Companies Inc. now owns 2,964,515 shares of the aerospace company's stock valued at $72,885,000 after buying an additional 337,118 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Price Performance

Shares of CAE stock opened at $28.49 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. CAE Inc has a twelve month low of $17.58 and a twelve month high of $30.13. The company has a market cap of $9.14 billion, a P/E ratio of 30.96, a P/E/G ratio of 2.52 and a beta of 1.36. The business has a fifty day simple moving average of $27.74 and a 200 day simple moving average of $26.41.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The business had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company earned $0.21 EPS. On average, sell-side analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CAE. Scotiabank reaffirmed an "outperform" rating on shares of CAE in a report on Thursday, August 14th. The Goldman Sachs Group began coverage on CAE in a report on Monday, June 30th. They issued a "buy" rating and a $33.00 price objective on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $30.00 price objective on shares of CAE in a report on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Finally, Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $33.67.

CAE 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.

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