2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. cut its position in CAE Inc. ( NYSE:CAE – Free Report ) (TSE:CAE) by 50.
5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 102,510 shares of the aerospace company’s stock after selling 104,401 shares during the period. Russell Investments Group Ltd.
’s holdings in CAE were worth $2,600,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its position in CAE by 47.
9% in the 3rd quarter. Stifel Financial Corp now owns 99,802 shares of the aerospace company’s stock valued at $1,871,000 after acquiring an additional 32,344 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of CAE by 4.
7% in the third quarter. Wellington Management Group LLP now owns 114,025 shares of the aerospace company’s stock valued at $2,143,000 after purchasing an additional 5,101 shares in the last quarter. Geode Capital Management LLC increased its stake in CAE by 8.
2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after buying an additional 103,081 shares during the period. Sanctuary Advisors LLC acquired a new stake in CAE during the 3rd quarter worth approximately $453,000.
Finally, Addenda Capital Inc. boosted its position in CAE by 0.5% in the 4th quarter.
Addenda Capital Inc. now owns 398,803 shares of the aerospace company’s stock valued at $10,122,000 after buying an additional 2,110 shares during the period. Hedge funds and other institutional investors own 67.
36% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the company. StockNews.
com raised CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th.
The Goldman Sachs Group boosted their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th.
Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock.
According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.00.
CAE Stock Performance Shares of CAE stock opened at $23.43 on Friday. The firm has a market capitalization of $7.
50 billion, a P/E ratio of -45.06, a P/E/G ratio of 1.94 and a beta of 1.
39. The company has a quick ratio of 0.63, a current ratio of 0.
86 and a debt-to-equity ratio of 0.70. CAE Inc.
has a 52 week low of $15.95 and a 52 week high of $27.62.
The firm’s 50 day moving average is $24.16 and its two-hundred day moving average is $22.77.
CAE ( NYSE:CAE – Get Free Report ) (TSE:CAE) last announced its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.
20 by $0.01. CAE had a negative net margin of 4.
96% and a positive return on equity of 6.11%. Research analysts forecast that CAE Inc.
will post 0.83 EPS for the current fiscal year. About CAE ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for CAE Inc. ( NYSE:CAE – Free Report ) (TSE:CAE). Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.
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