CAE Inc. (NYSE:CAE) Stake Lowered by S&CO Inc.

S&CO Inc. cut its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 23.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,000 shares of the aerospace company’s stock after selling 3,000 shares during the quarter. S&CO Inc.’s holdings in CAE were worth $187,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CAE. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after buying an additional 1,100 shares during the period. Intech Investment Management LLC acquired a new stake in CAE in the first quarter worth approximately $305,000. Vanguard Group Inc. lifted its position in CAE by 1.2% in the first quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock worth $223,593,000 after purchasing an additional 127,504 shares during the period. Clearbridge Investments LLC lifted its position in CAE by 17.1% in the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock worth $76,575,000 after purchasing an additional 541,066 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 2,300 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Down 1.1 %

CAE stock opened at $21.75 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.61 and a current ratio of 0.84. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $22.11. The company has a 50-day moving average of $18.61 and a two-hundred day moving average of $18.59.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 7.49% and a positive return on equity of 5.79%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that CAE Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

CAE has been the subject of a number of research analyst reports. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

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.