Hsbc Holdings PLC Decreases Stake in CAE Inc. (NYSE:CAE)

Hsbc Holdings PLC decreased its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 31.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 239,996 shares of the aerospace company's stock after selling 111,732 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of CAE worth $6,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAE. Norges Bank bought a new position in shares of CAE in the fourth quarter valued at $98,436,000. First Eagle Investment Management LLC purchased a new stake in shares of CAE during the fourth quarter valued at approximately $24,207,000. Capital International Investors boosted its stake in shares of CAE by 80.3% during the 4th quarter. Capital International Investors now owns 1,657,584 shares of the aerospace company's stock valued at $42,090,000 after purchasing an additional 738,361 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of CAE in the 4th quarter worth approximately $13,763,000. Finally, American Century Companies Inc. increased its holdings in shares of CAE by 23.5% in the 4th quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock worth $66,715,000 after purchasing an additional 500,702 shares in the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Stock Up 0.3 %

CAE stock traded up $0.07 during trading on Thursday, reaching $25.09. The stock had a trading volume of 283,046 shares, compared to its average volume of 561,351. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.03 billion, a PE ratio of -48.24, a P/E/G ratio of 1.94 and a beta of 1.39. The business has a 50 day moving average price of $23.96 and a 200 day moving average price of $23.17.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, analysts predict 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 research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $32.00.

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.