Two Sigma Investments LP Buys 377,499 Shares of CAE Inc. (NYSE:CAE)

Two Sigma Investments LP grew its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 255.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,150 shares of the aerospace company's stock after buying an additional 377,499 shares during the quarter. Two Sigma Investments LP owned approximately 0.16% of CAE worth $13,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Select Equity Group L.P. increased its position in 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 in the last quarter. Shell Asset Management Co. increased its position in CAE by 10.6% in the fourth quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company's stock worth $1,299,000 after buying an additional 4,900 shares in the last quarter. Quantinno Capital Management LP increased its position in CAE by 175.6% in the fourth quarter. Quantinno Capital Management LP now owns 51,653 shares of the aerospace company's stock worth $1,311,000 after buying an additional 32,913 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in CAE in the fourth quarter worth about $201,771,000. Finally, JARISLOWSKY FRASER Ltd increased its position in CAE by 7.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock worth $606,697,000 after buying an additional 1,702,904 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CAE. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. CIBC reiterated a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Wall Street Zen upgraded CAE from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Price Performance

CAE stock traded down $0.03 during midday trading on Thursday, reaching $25.26. 128,338 shares of the stock traded hands, compared to its average volume of 560,795. The stock's fifty day moving average is $24.37 and its 200-day moving average is $24.07. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The stock has a market cap of $8.09 billion, a P/E ratio of -48.56, a PEG ratio of 1.94 and a beta of 1.26. 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 announced its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The company had revenue of $886.20 million during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $0.37 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

CAE Company 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.