Driehaus Capital Management LLC Invests $8.20 Million in CAE Inc $CAE

Key Points

• Driehaus Capital Management LLC invested approximately $8.20 million in CAE Inc, purchasing 333,400 shares during the first quarter.
• Analyst ratings for CAE stock vary, with two analysts asserting a Strong Buy and others providing a Moderate Buy average rating alongside a price target of $33.67.
• CAE reported $0.15 EPS for the last quarter, meeting the consensus estimate, but its revenue of $806.92 million was below analyst expectations of $1.12 billion.

Driehaus Capital Management LLC purchased a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 333,400 shares of the aerospace company's stock, valued at approximately $8,198,000. Driehaus Capital Management LLC owned 0.10% of CAE at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAE. Barclays PLC raised its position in CAE by 269.0% in the fourth quarter. Barclays PLC now owns 27,544 shares of the aerospace company's stock valued at $699,000 after purchasing an additional 20,080 shares during the period. First Trust Advisors LP purchased a new stake in shares of CAE in the 4th quarter valued at $213,000. Stifel Financial Corp lifted its stake in CAE by 7.4% during the 4th quarter. Stifel Financial Corp now owns 107,212 shares of the aerospace company's stock worth $2,721,000 after acquiring an additional 7,410 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in CAE by 0.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 710,634 shares of the aerospace company's stock valued at $18,069,000 after acquiring an additional 4,765 shares during the period. Finally, Northern Trust Corp grew its position in CAE by 69.7% in the 4th quarter. Northern Trust Corp now owns 311,733 shares of the aerospace company's stock valued at $7,912,000 after acquiring an additional 128,028 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of CAE stock traded up $0.02 on Thursday, hitting $26.69. The stock had a trading volume of 258,889 shares, compared to its average volume of 569,622. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 2.38 and a beta of 1.36. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. CAE Inc has a 52-week low of $17.34 and a 52-week high of $30.13. The company's 50 day moving average price is $28.40 and its 200 day moving average price is $26.11.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The business had revenue of $806.92 million during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, research analysts anticipate that CAE Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. TD Securities upgraded CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $30.00 price objective on shares of CAE in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and an average price target of $33.67.

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.