Voloridge Investment Management LLC lessened its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 79.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 16,582 shares of the aerospace company's stock after selling 62,852 shares during the period. Voloridge Investment Management LLC's holdings in CAE were worth $421,000 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 the company. Ossiam boosted its position in shares of CAE by 1.0% during the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company's stock worth $1,173,000 after acquiring an additional 447 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of CAE by 4.6% in 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 last quarter. Rathbones Group PLC increased its stake in CAE by 0.9% in the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after buying an additional 500 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of CAE by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after purchasing an additional 646 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its holdings in shares of CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after acquiring an additional 666 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on CAE shares. The Goldman Sachs Group raised their target price on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. CIBC reaffirmed a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Jefferies Financial Group cut their price target on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a report on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Finally, Royal Bank of Canada lowered shares of CAE from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from $41.00 to $38.00 in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.33.
Check Out Our Latest Research Report on CAE
CAE Trading Down 3.3%
Shares of NYSE:CAE traded down $0.89 during trading on Tuesday, reaching $25.98. 140,293 shares of the stock were exchanged, compared to its average volume of 558,466. The firm's 50-day moving average price is $24.41 and its 200 day moving average price is $24.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of -49.96, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.
CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business had revenue of $886.20 million for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.
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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