CAE Inc. (NYSE:CAE) Holdings Boosted by NBC Securities Inc.

NBC Securities Inc. boosted its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 95,861.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,273 shares of the aerospace company's stock after purchasing an additional 17,255 shares during the period. NBC Securities Inc.'s holdings in CAE were worth $424,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in CAE in the 4th quarter valued at $30,000. Natixis acquired a new stake in CAE in the 4th quarter valued at $38,000. Versant Capital Management Inc acquired a new stake in CAE in the 1st quarter valued at $53,000. UniSuper Management Pty Ltd acquired a new stake in CAE in the 4th quarter valued at $147,000. Finally, Allworth Financial LP increased its holdings in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Up 1.6%

Shares of CAE stock traded up $0.43 during trading hours on Friday, hitting $26.64. 356,218 shares of the company were exchanged, compared to its average volume of 556,338. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The business's 50-day simple moving average is $24.53 and its two-hundred day simple moving average is $24.31. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of -51.22, a P/E/G ratio of 1.94 and a beta of 1.28.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly 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. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business had revenue of $886.20 million for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the company posted $0.37 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts predict that CAE Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAE has been the subject of several recent research reports. BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. CIBC reissued a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Royal Bank of Canada cut shares of CAE from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $41.00 to $38.00 in a research report on Wednesday, May 21st. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CAE presently has an average rating of "Moderate Buy" and an average price target 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.