Sycale Advisors NY LLC Has $31.48 Million Stock Position in CAE Inc. (NYSE:CAE)

Sycale Advisors NY LLC reduced its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240,361 shares of the aerospace company's stock after selling 55,038 shares during the quarter. CAE accounts for about 8.2% of Sycale Advisors NY LLC's investment portfolio, making the stock its 2nd largest holding. Sycale Advisors NY LLC owned about 0.39% of CAE worth $31,480,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAE. Asset Planning Inc bought a new stake in CAE in the 4th quarter valued at $30,000. Natixis acquired a new stake in shares of CAE in the 4th quarter valued at about $38,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE in the fourth quarter valued at about $147,000. Allworth Financial LP boosted its position in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares during the period. Finally, First Trust Advisors LP bought a new position in shares of CAE during the fourth quarter worth about $213,000. Institutional investors and hedge funds own 67.36% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. CIBC restated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Royal Bank of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $41.00 to $38.00 in a research report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CAE has an average rating of "Moderate Buy" and an average target price of $32.33.

CAE Stock Performance

Shares of NYSE:CAE traded down $0.06 on Friday, reaching $24.86. 118,929 shares of the company's stock were exchanged, compared to its average volume of 564,939. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a fifty day moving average of $24.32 and a 200-day moving average of $23.89. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of -47.78, a PEG ratio of 1.94 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $886.20 million for 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 firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. On average, research analysts predict 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.