Bank of Montreal Can Purchases 77,489 Shares of CAE Inc. (NYSE:CAE)

Bank of Montreal Can boosted its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,057,860 shares of the aerospace company’s stock after acquiring an additional 77,489 shares during the period. Bank of Montreal Can’s holdings in CAE were worth $93,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its stake in shares of CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after purchasing an additional 5,640,269 shares during the last quarter. Earnest Partners LLC bought a new position in CAE in the second quarter valued at approximately $82,597,000. National Bank of Canada FI grew its holdings in CAE by 36.4% during the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock worth $101,559,000 after acquiring an additional 1,466,880 shares during the period. American Century Companies Inc. raised its position in shares of CAE by 67.9% during the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock valued at $30,176,000 after acquiring an additional 657,227 shares during the last quarter. Finally, AMF Tjanstepension AB lifted its stake in shares of CAE by 110.7% in the 2nd quarter. AMF Tjanstepension AB now owns 619,950 shares of the aerospace company’s stock valued at $11,512,000 after purchasing an additional 325,774 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CAE shares. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAE presently has an average rating of “Hold” and a consensus target price of $25.00.

CAE Trading Down 1.0 %

NYSE CAE opened at $23.08 on Wednesday. CAE Inc. has a one year low of $15.95 and a one year high of $23.46. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The firm has a market cap of $7.35 billion, a P/E ratio of -29.90, a P/E/G ratio of 1.68 and a beta of 1.67. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $18.67.

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.