CAE Inc. (NYSE:CAE) Holdings Cut by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. lowered its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,075,479 shares of the aerospace company's stock after selling 36,975 shares during the quarter. CAE accounts for 2.0% of Letko Brosseau & Associates Inc.'s investment portfolio, making the stock its 16th biggest position. Letko Brosseau & Associates Inc. owned 1.27% of CAE worth $103,431,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. JARISLOWSKY FRASER Ltd lifted its stake in shares of CAE by 7.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 23,994,091 shares of the aerospace company's stock valued at $606,697,000 after purchasing an additional 1,702,904 shares in the last quarter. Cresset Asset Management LLC increased its position in CAE by 61.1% during the 4th quarter. Cresset Asset Management LLC now owns 532,511 shares of the aerospace company's stock worth $13,515,000 after purchasing an additional 201,981 shares in the last quarter. Cetera Investment Advisers raised its holdings in CAE by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company's stock valued at $289,000 after buying an additional 497 shares during the period. Browning West LP acquired a new position in CAE during the fourth quarter valued at approximately $150,629,000. Finally, Bank of America Corp DE increased its position in shares of CAE by 195.3% in the fourth quarter. Bank of America Corp DE now owns 2,350,178 shares of the aerospace company's stock worth $59,648,000 after acquiring an additional 1,554,266 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Stock Up 4.6%

Shares of CAE traded up $1.12 during trading on Thursday, reaching $25.69. The company's stock had a trading volume of 604,941 shares, compared to its average volume of 571,830. The company has a market cap of $8.23 billion, a price-to-earnings ratio of -49.40, a P/E/G ratio of 1.94 and a beta of 1.26. 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 company has a fifty day moving average of $24.18 and a two-hundred day moving average of $23.60. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62.

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, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $886.20 million for the quarter, compared to the consensus estimate of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, sell-side analysts predict that CAE Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a research report on Saturday, April 12th. National Bank Financial upgraded CAE from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Royal Bank of Canada reissued an "outperform" rating and set a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Finally, Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CAE currently has a consensus rating of "Moderate Buy" and a consensus price target 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.