Heathbridge Capital Management Ltd. Lowers Stock Position in CAE Inc (NYSE:CAE)

Heathbridge Capital Management Ltd. trimmed its stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 13.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,300 shares of the aerospace company's stock after selling 62,400 shares during the quarter. CAE makes up about 3.9% of Heathbridge Capital Management Ltd.'s portfolio, making the stock its 12th largest holding. Heathbridge Capital Management Ltd. owned about 0.12% of CAE worth $9,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Natixis acquired a new position in CAE in the 4th quarter valued at approximately $38,000. Versant Capital Management Inc acquired a new position in CAE in the 1st quarter valued at approximately $53,000. UniSuper Management Pty Ltd acquired a new position in CAE in the 4th quarter valued at approximately $147,000. First Trust Advisors LP acquired a new position in CAE in the 4th quarter valued at approximately $213,000. Finally, Orion Portfolio Solutions LLC acquired a new position in CAE in the 4th quarter valued at approximately $225,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CAE. Jefferies Financial Group set a $28.00 price target on shares of CAE and gave the company a "hold" rating in a research report on Wednesday, June 25th. Cibc World Mkts upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a research report on Monday, July 7th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

CAE Stock Down 0.6%

NYSE CAE traded down $0.19 on Friday, hitting $29.11. 423,576 shares of the company were exchanged, compared to its average volume of 553,739. The company has a market cap of $9.33 billion, a PE ratio of 32.34, a PEG ratio of 2.42 and a beta of 1.30. CAE Inc has a 12 month low of $15.95 and a 12 month high of $30.13. The stock has a fifty day moving average of $27.13 and a 200-day moving average of $25.22. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued 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 business had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. CAE's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, analysts forecast that CAE Inc will post 0.83 earnings per share for the current year.

About CAE

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.