Schechter Investment Advisors LLC Sells 9,983 Shares of CAE Inc (NYSE:CAE)

Schechter Investment Advisors LLC lowered its position in CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 22.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,064 shares of the aerospace company's stock after selling 9,983 shares during the quarter. Schechter Investment Advisors LLC's holdings in CAE were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Natixis bought a new stake in CAE during the fourth quarter worth approximately $38,000. Versant Capital Management Inc acquired a new position in CAE in the 1st quarter worth approximately $53,000. UniSuper Management Pty Ltd acquired a new position in CAE in the 4th quarter worth approximately $147,000. First Trust Advisors LP acquired a new position in CAE in the 4th quarter worth approximately $213,000. Finally, Orion Portfolio Solutions LLC acquired a new position in CAE in the 4th quarter worth approximately $225,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Down 0.3%

Shares of CAE stock traded down $0.10 on Friday, hitting $29.20. The stock had a trading volume of 228,285 shares, compared to its average volume of 552,922. The business has a 50 day moving average of $27.06 and a 200 day moving average of $25.19. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. CAE Inc has a 12-month low of $15.95 and a 12-month high of $30.13.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CAE had a net margin of 8.55% and a return on equity of 8.17%. The business had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company posted $0.37 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, analysts expect that CAE Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

CAE has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $28.00 price objective on shares of CAE and gave the stock a "hold" rating in a research note on Wednesday, June 25th. Scotiabank upgraded shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of CAE in a research note on Monday, July 7th. 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, Wall Street Zen raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Tuesday, May 27th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

About CAE

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.