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

Jane Street Group LLC reduced its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 44.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of CAE by 25.7% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company's stock worth $784,651,000 after buying an additional 6,313,165 shares in the last quarter. Norges Bank purchased a new stake in CAE during the fourth quarter valued at $98,436,000. First Eagle Investment Management LLC purchased a new stake in CAE during the fourth quarter valued at $24,207,000. Capital International Investors raised its stake in CAE by 80.3% during the fourth 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. Finally, Intact Investment Management Inc. purchased a new stake in CAE during the fourth quarter valued at $13,763,000. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Up 0.3%

Shares of NYSE CAE traded up $0.07 during mid-day trading on Monday, reaching $25.45. The company had a trading volume of 78,172 shares, compared to its average volume of 569,589. The business's 50-day moving average is $24.23 and its 200-day moving average is $23.77. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of -48.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CAE shares. Jefferies Financial Group decreased their price target on shares of CAE from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday. BMO Capital Markets reaffirmed an "outperform" rating on shares of CAE in a research note on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 price target on shares of CAE in a research note on Wednesday, March 12th. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CAE presently has an average rating of "Moderate Buy" and an average price target of $34.00.

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.