CAE Inc. (NYSE:CAE) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 471,007 shares of the aerospace company's stock after selling 18,059 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of CAE worth $11,954,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ossiam boosted its position in 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 period. Cetera Investment Advisers increased its stake in shares of CAE by 4.6% in 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 during the period. Rathbones Group PLC raised its holdings in CAE by 0.9% during the 4th quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company's stock valued at $1,386,000 after buying an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in CAE by 0.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock valued at $1,991,000 after buying an additional 646 shares during the period. Finally, Schechter Investment Advisors LLC grew its holdings 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 acquiring an additional 666 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CAE shares. CIBC reaffirmed a "neutral" rating on shares of CAE in a research report on Thursday, May 15th. Jefferies Financial Group lowered their price objective on CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, May 16th. BMO Capital Markets restated an "outperform" rating on shares of CAE in a report on Wednesday, May 14th. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and an average target price of $32.33.

CAE Trading Up 0.1%

NYSE:CAE traded up $0.02 during trading hours on Wednesday, hitting $26.11. The company had a trading volume of 396,409 shares, compared to its average volume of 559,561. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The company has a market cap of $8.36 billion, a P/E ratio of -50.21, a P/E/G ratio of 1.94 and a beta of 1.26. The company has a 50-day moving average of $24.46 and a 200 day moving average of $24.25. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Sell-side analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

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.