CAE Inc. (NYSE:CAE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 821,636 shares of the aerospace company’s stock after selling 2,150 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of CAE worth $15,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of CAE in the second quarter worth about $33,000. Cromwell Holdings LLC raised its position in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of CAE in the third quarter worth about $74,000. Allworth Financial LP raised its position in shares of CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 1,327 shares during the period. Finally, US Bancorp DE raised its position in shares of CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 1,803 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAE. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. 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 downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE Stock Up 0.3 %

CAE opened at $23.51 on Friday. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $24.02. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $20.17 and a 200 day moving average price of $18.86. The company has a market cap of $7.49 billion, a PE ratio of -30.53, a price-to-earnings-growth ratio of 1.71 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.