NBC Securities Inc. Grows Stock Holdings in CAE Inc. (NYSE:CAE)

NBC Securities Inc. boosted its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 95,861.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,273 shares of the aerospace company's stock after acquiring 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 hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in CAE by 3.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock valued at $29,759,000 after purchasing an additional 42,325 shares during the period. Raymond James Financial Inc. purchased a new stake in CAE in the 4th quarter valued at about $4,746,000. Norges Bank acquired a new position in CAE in the fourth quarter valued at about $98,436,000. Plato Investment Management Ltd acquired a new position in CAE in the fourth quarter valued at about $846,000. Finally, Intact Investment Management Inc. purchased a new position in CAE during the fourth quarter worth about $13,763,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Up 2.4%

Shares of NYSE CAE traded up $0.64 during mid-day trading on Monday, hitting $27.26. The company had a trading volume of 481,343 shares, compared to its average volume of 555,519. The company has a market capitalization of $8.73 billion, a PE ratio of -52.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28. The business's 50-day simple moving average is $24.53 and its 200 day simple moving average is $24.32. CAE Inc. has a 1-year low of $15.95 and a 1-year 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.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lowered shares of CAE from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $41.00 to $38.00 in a report on Wednesday, May 21st. CIBC restated a "neutral" rating on shares of CAE in a research note on Thursday, May 15th. Wall Street Zen upgraded CAE from a "hold" rating to a "buy" rating in a research report on Tuesday, May 27th. Bank of America upgraded CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group raised their target price on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Seven 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 data from MarketBeat.com, the stock 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.