American Century Companies Inc. Acquires 657,227 Shares of CAE Inc. (NYSE:CAE)

American Century Companies Inc. grew its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 67.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,624,656 shares of the aerospace company’s stock after buying an additional 657,227 shares during the period. American Century Companies Inc. owned 0.51% of CAE worth $30,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its holdings in CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 707 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of CAE during the second quarter valued at about $33,000. Hillsdale Investment Management Inc. increased its position in shares of CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock valued at $35,000 after buying an additional 500 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in CAE by 86.2% in 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. Finally, Jones Financial Companies Lllp boosted its position in CAE by 3,712.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 2,710 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CAE. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Jefferies Financial Group began coverage on shares of CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 price objective on the stock. Finally, StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.00.

CAE Stock Performance

Shares of CAE stock opened at $17.70 on Thursday. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of -24.60, a PEG ratio of 1.31 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $24.80. The firm’s 50-day moving average is $17.79 and its 200 day moving average is $18.86.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that CAE Inc. will post 0.86 EPS for the current fiscal year.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.