Hsbc Holdings PLC Sells 76,954 Shares of CAE Inc $CAE

Key Points

• Hsbc Holdings PLC has reduced its stake in CAE Inc by 32.1%, now owning 163,042 shares valued at approximately $4.01 million as of its latest SEC filing.
• Institutional investors own about 67.36% of CAE's stock, with significant increases from Caisse DE Depot ET Placement DU Quebec and Select Equity Group L.P. in the last quarter.
• Analysts have mixed views on CAE's stock, with two firms rating it as a Strong Buy and others issuing "hold" ratings, resulting in an average rating of Moderate Buy with a target price of $33.67.

Hsbc Holdings PLC lowered its stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 32.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,042 shares of the aerospace company's stock after selling 76,954 shares during the period. Hsbc Holdings PLC owned 0.05% of CAE worth $4,008,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAE. Versant Capital Management Inc bought a new stake in shares of CAE during the 1st quarter worth approximately $53,000. First Trust Advisors LP acquired a new position in shares of CAE during the 4th quarter worth approximately $213,000. Clarius Group LLC acquired a new position in shares of CAE during the 1st quarter worth approximately $246,000. Neuberger Berman Group LLC acquired a new position in shares of CAE during the 1st quarter worth approximately $263,000. Finally, Cetera Investment Advisers increased its holdings in shares of CAE by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after acquiring an additional 497 shares during the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Stock Performance

NYSE CAE traded down $0.05 on Friday, reaching $26.97. The stock had a trading volume of 380,558 shares, compared to its average volume of 722,418. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.60. The firm has a fifty day moving average of $28.37 and a two-hundred day moving average of $26.09. CAE Inc has a 1-year low of $17.34 and a 1-year high of $30.13. The company has a market cap of $8.65 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.34.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets reissued an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Jefferies Financial Group reissued a "hold" rating and set a $30.00 target price on shares of CAE in a report on Monday, July 21st. CIBC reissued a "neutral" rating on shares of CAE in a report on Thursday, May 15th. TD Securities raised CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.67.

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.