Clarius Group LLC Purchases New Stake in CAE Inc (NYSE:CAE)

Clarius Group LLC acquired a new stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,014 shares of the aerospace company's stock, valued at approximately $246,000.

Other hedge funds also recently bought and sold shares of the company. Natixis purchased a new position in CAE during the fourth quarter valued at approximately $38,000. Versant Capital Management Inc purchased a new position in CAE during the first quarter valued at approximately $53,000. UniSuper Management Pty Ltd purchased a new position in CAE during the fourth quarter valued at approximately $147,000. Allworth Financial LP grew its stake in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in CAE in the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Trading Up 0.2%

Shares of CAE stock traded up $0.06 during trading on Monday, reaching $26.25. The company's stock had a trading volume of 511,308 shares, compared to its average volume of 541,561. CAE Inc has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.16 and a beta of 1.28. The firm's 50-day moving average is $25.48 and its two-hundred day moving average is $24.59. The company has a quick ratio of 0.58, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted 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 net margin of 8.55% and a return on equity of 8.17%. 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 business posted $0.37 EPS. The firm's revenue 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 year.

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of research reports. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research note on Wednesday, May 14th. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Royal Bank Of Canada cut 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 note on Wednesday, May 21st. Finally, Jefferies Financial Group cut their price objective on shares of CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, May 16th. Seven equities 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 stock. According to MarketBeat.com, CAE presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

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.