Sequoia Financial Advisors LLC Purchases 28,237 Shares of CAE Inc (NYSE:CAE)

Sequoia Financial Advisors LLC lifted its stake in shares of CAE Inc (NYSE:CAE - Free Report) TSE: CAE by 132.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,556 shares of the aerospace company's stock after acquiring an additional 28,237 shares during the quarter. Sequoia Financial Advisors LLC's holdings in CAE were worth $1,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ossiam raised its position in shares of CAE by 1.0% during the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company's stock valued at $1,173,000 after buying an additional 447 shares during the last quarter. Cetera Investment Advisers boosted its position 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 acquiring an additional 497 shares during the last quarter. Rathbones Group PLC grew its stake in CAE by 0.9% during the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after acquiring an additional 500 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in CAE by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after acquiring an additional 646 shares during the last quarter. Finally, Schechter Investment Advisors LLC lifted its stake in CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock worth $1,143,000 after purchasing an additional 666 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAE has been the subject of a number of research analyst reports. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a research report on Friday. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Scotiabank raised CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Wall Street Zen raised CAE from a "hold" rating to a "buy" rating in a report on Tuesday, May 27th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.00.

CAE Trading Up 4.5%

Shares of CAE stock traded up $1.26 on Monday, reaching $29.34. The company had a trading volume of 1,147,643 shares, compared to its average volume of 545,214. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.58. The firm's 50-day moving average price is $25.76 and its two-hundred day moving average price is $24.69. CAE Inc has a 1 year low of $15.95 and a 1 year high of $29.43.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, research analysts predict that CAE Inc will post 0.83 earnings per share for the current fiscal year.

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.