CAE Inc (NYSE:CAE) Stock Position Lessened by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. lowered its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 13.8% during the first quarter, according to its most recent 13F 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 accounts for approximately 3.9% of Heathbridge Capital Management Ltd.'s holdings, making the stock its 12th biggest holding. Heathbridge Capital Management Ltd. owned about 0.12% of CAE worth $9,556,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CAE. Nomura Holdings Inc. acquired a new position in shares of CAE in the fourth quarter worth about $201,771,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in CAE by 25.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after purchasing an additional 6,313,165 shares during the last quarter. Browning West LP acquired a new position in shares of CAE in the 4th quarter valued at approximately $150,629,000. Select Equity Group L.P. boosted its stake in shares of CAE by 427.1% during the 4th quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after buying an additional 5,462,455 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CAE during the fourth quarter worth approximately $98,436,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Performance

Shares of CAE traded down $0.17 during midday trading on Thursday, hitting $29.40. 323,435 shares of the stock traded hands, compared to its average volume of 553,360. The business's 50 day moving average price is $27.00 and its two-hundred day moving average price is $25.17. The firm has a market capitalization of $9.42 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 2.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.58 and a current ratio of 0.80. CAE Inc has a 1-year low of $15.95 and a 1-year high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (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 firm had revenue of $886.20 million during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.37 EPS. CAE's revenue was up 13.2% on a year-over-year basis. Equities research analysts predict that CAE Inc will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of CAE in a research note on Monday, June 30th. They set a "buy" rating and a $33.00 price objective on the stock. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. CIBC reaffirmed a "neutral" rating on shares of CAE in a report on Thursday, May 15th. Finally, Wall Street Zen upgraded CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, May 27th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

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.