D. E. Shaw & Co. Inc. Cuts Stock Holdings in CAE Inc. (NYSE:CAE)

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

Other institutional investors have also recently made changes to their positions in the company. Addenda Capital Inc. raised its holdings in shares of CAE by 0.5% during the fourth quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company's stock valued at $10,122,000 after purchasing an additional 2,110 shares during the last quarter. Hantz Financial Services Inc. raised its stake in CAE by 4.1% during the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company's stock valued at $2,419,000 after buying an additional 3,741 shares during the last quarter. Stanley Laman Group Ltd. lifted its holdings in shares of CAE by 3.2% during the 4th quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company's stock valued at $5,879,000 after buying an additional 7,260 shares during the period. Asset Planning Inc purchased a new position in shares of CAE in the 4th quarter worth $30,000. Finally, Allworth Financial LP boosted its stake 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 worth $177,000 after buying an additional 913 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Price Performance

CAE stock traded up $0.19 during trading on Thursday, reaching $24.91. The company's stock had a trading volume of 630,563 shares, compared to its average volume of 573,373. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company's fifty day moving average is $24.31 and its 200-day moving average is $23.85. The company has a market capitalization of $7.98 billion, a P/E ratio of -47.90, 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.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. On average, research analysts expect that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CAE. Royal Bank of Canada downgraded CAE from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $41.00 to $38.00 in a report on Wednesday. Wall Street Zen upgraded shares of CAE from a "buy" rating to a "strong-buy" rating in a research note on Monday. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank upgraded shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Finally, CIBC reiterated a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $32.33.

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.