Jane Street Group LLC Sells 89,067 Shares of CAE Inc. (NYSE:CAE)

Jane Street Group LLC decreased its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 44.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,932 shares of the aerospace company's stock after selling 89,067 shares during the quarter. Jane Street Group LLC's holdings in CAE were worth $2,866,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CAE. Ossiam raised its holdings in shares of CAE by 1.0% during the 4th 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. Rathbones Group PLC boosted its stake 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 acquiring an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of CAE by 0.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company's stock worth $1,991,000 after purchasing an additional 646 shares during the last quarter. Schechter Investment Advisors LLC raised its stake in shares of CAE by 1.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company's stock valued at $1,143,000 after purchasing an additional 666 shares in the last quarter. Finally, US Bancorp DE grew its stake in CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after purchasing an additional 835 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Performance

Shares of NYSE CAE traded up $0.55 during trading hours on Tuesday, hitting $25.98. 77,651 shares of the stock were exchanged, compared to its average volume of 568,097. CAE Inc. has a one year low of $15.95 and a one year high of $27.62. The company's 50 day moving average is $24.26 and its 200 day moving average is $23.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The firm has a market capitalization of $8.32 billion, a P/E ratio of -49.99, a P/E/G ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. The business had revenue of $886.20 million for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. On average, research analysts expect that CAE Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on shares of CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday. BMO Capital Markets restated an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. National Bank Financial raised CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. CIBC reiterated a "neutral" rating on shares of CAE in a research report on Thursday. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

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.