Ameriprise Financial Inc. Reduces Holdings in CAE Inc. (NYSE:CAE)

Ameriprise Financial Inc. decreased its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 71.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,181 shares of the aerospace company's stock after selling 44,575 shares during the quarter. Ameriprise Financial Inc.'s holdings in CAE were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAE. Asset Planning Inc purchased a new stake in CAE in the fourth quarter valued at approximately $30,000. Natixis purchased a new stake in CAE in the fourth quarter valued at approximately $38,000. UniSuper Management Pty Ltd purchased a new stake in CAE in the fourth quarter valued at approximately $147,000. Allworth Financial LP boosted its position in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after buying an additional 913 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in CAE in the fourth quarter valued at approximately $213,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Price Performance

Shares of CAE stock traded up $0.43 during trading hours on Friday, hitting $26.64. 356,218 shares of the company's stock were exchanged, compared to its average volume of 555,816. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The firm has a market cap of $8.53 billion, a P/E ratio of -51.22, a P/E/G ratio of 1.94 and a beta of 1.28. The firm has a 50 day moving average of $24.53 and a two-hundred day moving average of $24.32. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its 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 business had revenue of $886.20 million during 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 business's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. Sell-side analysts forecast that CAE Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

CAE has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price target on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. CIBC reissued a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Jefferies Financial Group decreased their price target on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a report on Friday, May 16th. Finally, Wall Street Zen raised CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CAE has an average rating of "Moderate Buy" and a consensus price target of $32.33.

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.