CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 4,280,000 shares, an increase of 5.2% from the November 15th total of 4,070,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 591,600 shares, the short-interest ratio is presently 7.2 days.

Institutional Trading of CAE

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after purchasing an additional 77,489 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of CAE by 9.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after purchasing an additional 89,800 shares during the period. Clearline Capital LP purchased a new stake in shares of CAE during the second quarter valued at approximately $2,290,000. Intech Investment Management LLC purchased a new stake in shares of CAE during the third quarter valued at approximately $2,432,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after purchasing an additional 32,328 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CAE shares. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and two have issued 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 Price Performance

NYSE CAE traded up $0.07 on Tuesday, reaching $23.62. 381,623 shares of the company’s stock traded hands, compared to its average volume of 584,036. CAE has a 12 month low of $15.95 and a 12 month high of $24.02. 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 stock has a 50-day simple moving average of $20.74 and a 200 day simple moving average of $19.06. The stock has a market cap of $7.53 billion, a PE ratio of -30.68, a P/E/G ratio of 1.73 and a beta of 1.74.

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.