Wellington Management Group LLP Boosts Stock Holdings in CAE Inc. (NYSE:CAE)

Wellington Management Group LLP grew its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,025 shares of the aerospace company’s stock after purchasing an additional 5,101 shares during the period. Wellington Management Group LLP’s holdings in CAE were worth $2,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in CAE in the 2nd quarter valued at about $33,000. Cromwell Holdings LLC grew its holdings 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 valued at $34,000 after acquiring an additional 915 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of CAE during the third quarter valued at approximately $74,000. Allworth Financial LP lifted its holdings in CAE by 26.1% during 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 grew its stake in CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 1,803 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Down 3.8 %

CAE opened at $22.70 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE Inc. has a one year low of $15.95 and a one year high of $24.02. The firm has a market capitalization of $7.23 billion, a P/E ratio of -29.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a fifty day moving average price of $20.94 and a 200-day moving average price of $19.12.

Analyst Upgrades and Downgrades

CAE has been the subject of several research reports. 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 lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, CAE presently has a consensus rating of “Hold” and an average target price of $25.00.

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, 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.