CAE Inc $CAE Shares Purchased by Browning West LP

Key Points

• Browning West LP has increased its holdings in CAE Inc by 131.4%, now owning approximately 13.7 million shares valued at $337.74 million, which accounts for about 26.3% of their investment portfolio.
• CAE's recent earnings report showed earnings per share of $0.15, matching analysts' expectations but falling short of revenue projections of $1.12 billion as the company reported $806.92 million.
• Analysts have mixed ratings on CAE shares, with a consensus target price of $33.67, indicating a potential upside based on recent upgrades to "strong buy" and "buy" ratings from several firms.

Browning West LP increased its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 131.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,734,943 shares of the aerospace company's stock after buying an additional 7,800,012 shares during the quarter. CAE comprises approximately 26.3% of Browning West LP's portfolio, making the stock its 2nd biggest holding. Browning West LP owned approximately 4.29% of CAE worth $337,742,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in CAE during the first quarter worth about $53,000. First Trust Advisors LP purchased a new position in shares of CAE in the 4th quarter worth about $213,000. State of Wyoming raised its holdings in shares of CAE by 39.4% in the 1st quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock worth $207,000 after purchasing an additional 2,385 shares during the period. Clarius Group LLC purchased a new position in shares of CAE in the 1st quarter worth about $246,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of CAE in the 1st quarter worth about $263,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Down 0.2%

Shares of NYSE:CAE traded down $0.05 during mid-day trading on Friday, hitting $26.60. 548,890 shares of the company traded hands, compared to its average volume of 685,800. The firm has a market cap of $8.53 billion, a P/E ratio of 28.92, a PEG ratio of 2.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87. CAE Inc has a 52-week low of $17.34 and a 52-week high of $30.13. The firm's 50 day simple moving average is $28.36 and its 200 day simple moving average is $26.11.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The firm had revenue of $806.92 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $0.21 EPS. On average, equities analysts anticipate that CAE Inc will post 0.83 EPS for the current year.

Analyst Ratings Changes

CAE has been the topic of a number of research reports. Jefferies Financial Group restated 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 restated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. TD Securities upgraded CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, CIBC restated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, CAE has an average rating of "Moderate Buy" and an average target price of $33.67.

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.