Pembroke Management LTD Cuts Stock Position in CAE Inc $CAE

Key Points

• Pembroke Management LTD reduced its stake in CAE Inc by 25% in the first quarter, holding 35,662 shares valued at approximately $877,000 after selling 11,911 shares.
• Several institutional investors have adjusted their holdings in CAE, with Cetera Investment Advisers increasing theirs by 4.6% and Dynasty Wealth Management boosting theirs by 6.5% in the same timeframe.
• CAE reported earnings of $0.15 per share for its most recent quarter, meeting analysts' expectations, but its revenue of $806.92 million fell short of the $1.12 billion forecast.

Pembroke Management LTD lessened its stake in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 25.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,662 shares of the aerospace company's stock after selling 11,911 shares during the quarter. Pembroke Management LTD's holdings in CAE were worth $877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its holdings in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock worth $289,000 after buying an additional 497 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of CAE by 6.5% during the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company's stock worth $443,000 after buying an additional 1,099 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CAE by 2.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company's stock worth $1,803,000 after buying an additional 2,062 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of CAE during the first quarter worth $53,000. Finally, APG Asset Management N.V. grew its holdings 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 worth $3,919,000 after buying an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Trading Down 0.0%

Shares of CAE opened at $27.02 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. CAE Inc has a 12-month low of $17.34 and a 12-month high of $30.13. The firm has a 50-day moving average price of $28.35 and a 200 day moving average price of $26.05. The firm has a market capitalization of $8.66 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.39 and a beta of 1.34.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its quarterly earnings data on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm had revenue of $806.92 million during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Sell-side analysts forecast that CAE Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CAE. TD Securities raised shares of CAE from a "hold" rating to a "buy" rating in a report on Wednesday, August 13th. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. Wall Street Zen lowered shares of CAE from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Jefferies Financial Group reissued a "hold" rating and issued a $30.00 price objective on shares of CAE in a report on Monday, July 21st. Finally, Scotiabank reissued an "outperform" rating on shares of CAE in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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