2 weeks Ago By ABMN Staff
Geode Capital Management LLC increased its holdings in shares of CAE Inc. ( NYSE:CAE – Free Report ) (TSE:CAE) by 31.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,779,962 shares of the aerospace company’s stock after buying an additional 423,780 shares during the period. Geode Capital Management LLC’s holdings in CAE were worth $44,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also recently added to or reduced their stakes in the company.
Brandes Investment Partners LP grew its position in shares of CAE by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 14,911,697 shares of the aerospace company’s stock valued at $378,459,000 after purchasing an additional 221,205 shares during the period.
Vanguard Group Inc. boosted its holdings in CAE by 1.5% in the 4th quarter.
Vanguard Group Inc. now owns 12,213,866 shares of the aerospace company’s stock worth $310,134,000 after buying an additional 181,807 shares during the last quarter. Norges Bank purchased a new stake in CAE during the 4th quarter worth approximately $98,436,000.
American Century Companies Inc. raised its holdings in shares of CAE by 23.5% during the fourth quarter.
American Century Companies Inc. now owns 2,627,397 shares of the aerospace company’s stock valued at $66,715,000 after acquiring an additional 500,702 shares during the last quarter. Finally, JPMorgan Chase & Co.
lifted its position in shares of CAE by 3.7% in the fourth quarter. JPMorgan Chase & Co.
now owns 1,172,533 shares of the aerospace company’s stock valued at $29,759,000 after acquiring an additional 42,325 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.
CAE Stock Performance CAE stock opened at $23.10 on Tuesday. The stock has a market cap of $7.
40 billion, a price-to-earnings ratio of -44.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.
39. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.
86 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $24.
18 and a 200-day simple moving average of $22.73. CAE Inc.
has a 1-year low of $15.95 and a 1-year high of $27.62.
Analyst Upgrades and Downgrades Several analysts recently commented on the company. Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th.
Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $43.
00 target price on shares of CAE in a report on Wednesday, March 12th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, CAE currently has a consensus rating of “Hold” and an average target price of $32.
00. Read Our Latest Stock Analysis on CAE CAE Company Profile ( 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.
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