Assenagon Asset Management S.A. Reduces Stock Position in CAE Inc. (NYSE:CAE)

Assenagon Asset Management S.A. reduced its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,496 shares of the aerospace company’s stock after selling 5,405 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CAE were worth $723,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CAE. IHT Wealth Management LLC raised its holdings in CAE by 3.7% during the third quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after purchasing an additional 802 shares in the last quarter. Cromwell Holdings LLC lifted its position 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 acquiring an additional 915 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in CAE by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock valued at $1,717,000 after acquiring an additional 1,223 shares in the last quarter. Allworth Financial LP boosted its stake in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after purchasing an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Desjardins raised CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.00.

CAE Stock Down 0.2 %

CAE stock opened at $24.31 on Friday. CAE Inc. has a one year low of $15.95 and a one 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 company has a fifty day moving average of $23.80 and a 200-day moving average of $20.16. The stock has a market capitalization of $7.77 billion, a PE ratio of -31.56, a price-to-earnings-growth ratio of 1.81 and a beta of 1.72.

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.