Phoenix Financial Ltd. Makes New $10.31 Million Investment in CAE Inc $CAE

Key Points

• Phoenix Financial Ltd. made a new investment of approximately $10.31 million in CAE Inc., acquiring 352,200 shares during the second quarter.
• CAE's recent earnings report showed a Q2 EPS of $0.15, meeting expectations, but revenue was lower than anticipated at $806.92 million compared to a consensus estimate of $1.12 billion.
• The stock has a current consensus rating of "Moderate Buy" with a price target averaging $33.67 according to multiple research analysts.

Phoenix Financial Ltd. purchased a new position in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 352,200 shares of the aerospace company's stock, valued at approximately $10,309,000. Phoenix Financial Ltd. owned 0.11% of CAE as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State of Wyoming raised its position in shares of CAE by 39.4% in the 1st quarter. State of Wyoming now owns 8,431 shares of the aerospace company's stock worth $207,000 after buying an additional 2,385 shares during the period. Ballentine Partners LLC purchased a new position in shares of CAE in the 2nd quarter worth $277,000. Neuberger Berman Group LLC purchased a new position in shares of CAE in the 1st quarter worth $263,000. United Services Automobile Association raised its position in shares of CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company's stock worth $265,000 after buying an additional 462 shares during the period. Finally, Clarius Group LLC raised its position in shares of CAE by 11.2% in the 2nd quarter. Clarius Group LLC now owns 11,136 shares of the aerospace company's stock worth $326,000 after buying an additional 1,122 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Up 2.4%

Shares of NYSE CAE opened at $28.07 on Tuesday. CAE Inc has a 12-month low of $17.58 and a 12-month high of $30.13. The company has a market cap of $9.00 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.43 and a beta of 1.36. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $27.60 and a 200 day moving average price of $26.85.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on CAE in a research report on Monday, June 30th. They issued a "buy" rating and a $33.00 target price on the stock. Scotiabank reaffirmed an "outperform" rating on shares of CAE in a research report on Thursday, August 14th. Jefferies Financial Group reiterated a "hold" rating and issued a $30.00 price target on shares of CAE in a report on Monday, July 21st. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of CAE in a report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

CAE Company 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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