Mackenzie Financial Corp Lowers Stake in CAE Inc. (NYSE:CAE)

Mackenzie Financial Corp decreased its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 36.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,142,391 shares of the aerospace company's stock after selling 9,233,885 shares during the period. Mackenzie Financial Corp owned approximately 5.05% of CAE worth $409,113,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vident Advisory LLC lifted its position in CAE by 34.4% in the 4th quarter. Vident Advisory LLC now owns 374,393 shares of the aerospace company's stock valued at $9,502,000 after acquiring an additional 95,905 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of CAE by 212.1% in the 4th quarter. Two Sigma Advisers LP now owns 176,000 shares of the aerospace company's stock valued at $4,467,000 after acquiring an additional 119,600 shares during the last quarter. Two Sigma Investments LP raised its position in CAE by 255.7% in the 4th quarter. Two Sigma Investments LP now owns 525,150 shares of the aerospace company's stock worth $13,328,000 after purchasing an additional 377,499 shares during the period. Select Equity Group L.P. increased its position in shares of CAE by 427.1% during the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock worth $171,093,000 after acquiring an additional 5,462,455 shares during the period. Finally, Shell Asset Management Co. increased its holdings in CAE by 10.6% during the fourth quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company's stock valued at $1,299,000 after buying an additional 4,900 shares during the period. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Stock Up 1.0%

Shares of CAE stock traded up $0.25 during trading hours on Thursday, hitting $25.54. The company had a trading volume of 264,559 shares, compared to its average volume of 527,328. The company's 50-day moving average is $24.37 and its two-hundred day moving average is $24.07. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a market cap of $8.18 billion, a P/E ratio of -49.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. Analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CAE shares. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a report on Thursday, May 15th. The Goldman Sachs Group boosted their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Finally, Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.33.

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.