CAE Inc. (NYSE:CAE) Shares Acquired by Cromwell Holdings LLC

Cromwell Holdings LLC lifted its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 103.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,800 shares of the aerospace company’s stock after buying an additional 915 shares during the period. Cromwell Holdings LLC’s holdings in CAE were worth $34,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its stake in shares of CAE by 9.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after purchasing an additional 89,800 shares during the period. Stanley Laman Group Ltd. lifted its position in CAE by 20.1% during the second quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock worth $3,906,000 after buying an additional 35,222 shares during the period. Henry James International Management Inc. boosted its stake in CAE by 16.0% in the 1st quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock worth $4,343,000 after buying an additional 28,991 shares during the last quarter. Clearline Capital LP purchased a new stake in CAE in the 2nd quarter valued at about $2,290,000. Finally, Jane Street Group LLC increased its stake in shares of CAE by 97.2% during the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock valued at $6,299,000 after acquiring an additional 150,429 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

Shares of CAE opened at $18.57 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $18.16 and its two-hundred day moving average is $18.58. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of -25.78, a PEG ratio of 1.33 and a beta of 1.67. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $23.24.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Analysts forecast that CAE Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CAE shares. Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

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, 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.