Lansforsakringar Fondforvaltning AB publ Has $1.46 Million Stake in CAE Inc $CAE

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its holdings in CAE Inc by 26.7% during the 1st quarter, selling 21,604 shares and leaving them with 59,195 shares valued at approximately $1.46 million.
• Other institutional investors, including Cetera Investment Advisers and National Bank of Canada FI, have increased their stakes in CAE, indicating significant interest in the aerospace company.
• CAE reported earnings of $0.15 per share in its most recent quarter, meeting analysts' expectations, but its revenue of $806.92 million fell short of the anticipated $1.12 billion.

Lansforsakringar Fondforvaltning AB publ reduced its stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 26.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,195 shares of the aerospace company's stock after selling 21,604 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in CAE were worth $1,455,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. APG Asset Management N.V. grew its stake in shares of CAE by 1.4% during the first quarter. APG Asset Management N.V. now owns 172,200 shares of the aerospace company's stock valued at $3,919,000 after purchasing an additional 2,300 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of CAE by 26.6% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 177,806 shares of the aerospace company's stock valued at $4,372,000 after purchasing an additional 37,349 shares during the last quarter. Korea Investment CORP grew its stake in shares of CAE by 1.4% during the first quarter. Korea Investment CORP now owns 195,249 shares of the aerospace company's stock valued at $4,800,000 after purchasing an additional 2,687 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of CAE by 10.8% during the first quarter. Cresset Asset Management LLC now owns 589,884 shares of the aerospace company's stock valued at $14,505,000 after purchasing an additional 57,373 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of CAE by 12.8% during the first quarter. American Century Companies Inc. now owns 2,964,515 shares of the aerospace company's stock valued at $72,885,000 after purchasing an additional 337,118 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Trading Down 0.2%

CAE traded down $0.05 during mid-day trading on Friday, hitting $26.60. The stock had a trading volume of 548,890 shares, compared to its average volume of 685,800. The stock's fifty day simple moving average is $28.36 and its 200-day simple moving average is $26.11. 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 market capitalization of $8.53 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36. CAE Inc has a 1-year low of $17.34 and a 1-year high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted 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. The company had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same period last year, the business posted $0.21 earnings per share. As a group, research analysts forecast that CAE Inc will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CAE shares. Wall Street Zen cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. CIBC reaffirmed a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Scotiabank reaffirmed an "outperform" rating on shares of CAE in a research note on Thursday, August 14th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. Finally, Cibc World Mkts raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, CAE presently has an average rating of "Moderate Buy" and an average target price 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.