Sycale Advisors NY LLC Sells 55,038 Shares of CAE Inc. (NYSE:CAE)

Sycale Advisors NY LLC decreased its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,240,361 shares of the aerospace company's stock after selling 55,038 shares during the period. CAE accounts for 8.2% of Sycale Advisors NY LLC's holdings, making the stock its 2nd biggest position. Sycale Advisors NY LLC owned 0.39% of CAE worth $31,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAE. Nomura Holdings Inc. purchased a new stake in CAE during the fourth quarter valued at approximately $201,771,000. Caisse DE Depot ET Placement DU Quebec lifted its position in CAE by 25.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock valued at $784,651,000 after acquiring an additional 6,313,165 shares during the last quarter. Browning West LP purchased a new position in shares of CAE in the fourth quarter worth $150,629,000. Select Equity Group L.P. raised its holdings in shares of CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock worth $171,093,000 after buying an additional 5,462,455 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of CAE in the fourth quarter worth $98,436,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CAE shares. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. CIBC reaffirmed a "neutral" rating on shares of CAE in a report on Thursday, May 15th. The Goldman Sachs Group raised their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of CAE from a "buy" rating to a "strong-buy" rating in a report on Monday. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Stock Performance

Shares of NYSE:CAE traded down $1.19 during midday trading on Wednesday, reaching $24.73. The company's stock had a trading volume of 882,139 shares, compared to its average volume of 573,145. The firm has a market capitalization of $7.92 billion, a PE ratio of -47.55, a P/E/G ratio of 1.94 and a beta of 1.26. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The stock has a fifty day moving average of $24.30 and a 200 day moving average of $23.84. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, equities analysts expect that CAE Inc. will post 0.83 EPS for the current fiscal year.

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.