Summerhill Capital Management lnc. lessened its holdings in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 50.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 124,667 shares of the aerospace company's stock after selling 127,535 shares during the quarter. CAE comprises approximately 4.1% of Summerhill Capital Management lnc.'s holdings, making the stock its 11th largest position. Summerhill Capital Management lnc.'s holdings in CAE were worth $3,068,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CAE. Ossiam raised its holdings in CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after purchasing an additional 447 shares in the last quarter. Cetera Investment Advisers increased its position in shares of CAE by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after purchasing an additional 497 shares during the period. Rathbones Group PLC raised its stake in shares of CAE by 0.9% in the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock worth $1,386,000 after buying an additional 500 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after buying an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC boosted its stake in CAE by 1.5% during the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after buying an additional 666 shares in the last quarter. Institutional investors own 67.36% of the company's stock.
CAE Stock Up 4.7%
CAE stock traded up $1.27 during mid-day trading on Friday, hitting $28.07. 963,654 shares of the company's stock were exchanged, compared to its average volume of 543,193. CAE Inc has a 1-year low of $15.95 and a 1-year high of $28.21. The stock has a 50 day moving average of $25.76 and a two-hundred day moving average of $24.67. The stock has a market cap of $8.99 billion, a P/E ratio of 31.18, a P/E/G ratio of 2.21 and a beta of 1.28. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62.
CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating 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 return on equity of 8.17% and a net margin of 8.55%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. As a group, analysts anticipate that CAE Inc will post 0.83 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. CIBC reiterated a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, May 27th. Finally, Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, CAE has an average rating of "Moderate Buy" and a consensus target price of $32.67.
Check Out Our Latest Stock Analysis on CAE
About CAE
(
Free Report)
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.
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