CAE Inc. (NYSE:CAE) Stake Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,130,208 shares of the aerospace company’s stock after selling 89,195 shares during the period. JPMorgan Chase & Co. owned 0.35% of CAE worth $21,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CAE. Cromwell Holdings LLC lifted its stake in 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 buying an additional 915 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of CAE in the 3rd quarter worth about $74,000. Allworth Financial LP lifted its position in CAE by 26.1% in the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after purchasing an additional 1,327 shares during the last quarter. US Bancorp DE boosted its stake in CAE by 28.9% during 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. Finally, Centiva Capital LP bought a new position in CAE in the 3rd quarter worth about $197,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

CAE has been the topic of a number of recent analyst reports. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, CAE has a consensus rating of “Hold” and an average target price of $25.00.

CAE Stock Down 0.4 %

Shares of CAE stock opened at $23.63 on Thursday. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $25.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The business’s fifty day moving average is $22.68 and its 200-day moving average is $19.74. The stock has a market cap of $7.53 billion, a PE ratio of -30.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.72.

CAE 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.