D. E. Shaw & Co. Inc. Sells 552,574 Shares of CAE Inc. (NYSE:CAE)

D. E. Shaw & Co. Inc. decreased its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 79.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 142,395 shares of the aerospace company's stock after selling 552,574 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in CAE were worth $3,614,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have recently commented on CAE shares. CIBC reissued a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group raised their price target on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group reduced their target price on CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.33.

CAE Stock Up 0.5%

Shares of CAE traded up $0.12 during mid-day trading on Friday, reaching $25.03. The company's stock had a trading volume of 366,952 shares, compared to its average volume of 563,002. The business has a fifty day moving average of $24.33 and a 200 day moving average of $23.97. The company has a market cap of $8.02 billion, a price-to-earnings ratio of -48.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. 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 posted its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share 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 negative net margin of 4.96% and a positive return on equity of 6.11%. CAE's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, analysts forecast that CAE Inc. will post 0.83 earnings per share 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.