CAE Inc. (NYSE:CAE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,699,830 shares of the aerospace company's stock after selling 321,276 shares during the period. Russell Investments Group Ltd. owned approximately 1.16% of CAE worth $80,248,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CAE. SG Americas Securities LLC acquired a new position in shares of CAE in the third quarter valued at approximately $349,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CAE by 2.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,638 shares of the aerospace company's stock worth $3,017,000 after acquiring an additional 3,200 shares in the last quarter. Steph & Co. grew its holdings in CAE by 42.8% during the 3rd quarter. Steph & Co. now owns 9,448 shares of the aerospace company's stock worth $221,000 after acquiring an additional 2,832 shares in the last quarter. CIBC Asset Management Inc grew its holdings in CAE by 90.5% during the 3rd quarter. CIBC Asset Management Inc now owns 561,745 shares of the aerospace company's stock worth $13,155,000 after acquiring an additional 266,927 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in CAE by 678.3% during the 3rd quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company's stock worth $36,000 after acquiring an additional 1,343 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

Wall Street Analyst Weigh In

CAE has been the subject of several analyst reports. Scotiabank cut shares of CAE from a "sector outperform" rating to a "sector perform" rating in a report on Monday, January 22nd. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their price target on shares of CAE from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.75.

CAE Stock Up 1.5 %

Shares of NYSE:CAE traded up $0.29 during trading on Friday, hitting $19.04. 507,823 shares of the company were exchanged, compared to its average volume of 534,532. The stock has a market capitalization of $6.06 billion, a P/E ratio of 29.75, a PEG ratio of 1.43 and a beta of 1.59. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.68. CAE Inc. has a 12-month low of $18.26 and a 12-month high of $25.04. The firm's 50 day moving average price is $19.51 and its 200-day moving average price is $20.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $804.01 million during the quarter, compared to the consensus estimate of $807.13 million. CAE had a net margin of 6.20% and a return on equity of 7.52%. On average, research analysts predict that CAE Inc. will post 0.85 earnings per share for the current fiscal 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.