38,228 Shares in CAE Inc. (NYSE:CAE) Bought by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,228 shares of the aerospace company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI increased its position in CAE by 36.4% during the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock worth $101,559,000 after buying an additional 1,466,880 shares during the period. CIBC Asset Management Inc increased its holdings in shares of CAE by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 771,963 shares of the aerospace company’s stock valued at $14,329,000 after acquiring an additional 26,415 shares during the period. Pembroke Management LTD acquired a new position in CAE in the second quarter valued at $372,000. Hantz Financial Services Inc. acquired a new stake in shares of CAE during the second quarter worth about $1,678,000. Finally, Signaturefd LLC raised its stake in CAE by 23.1% during the 2nd quarter. Signaturefd LLC now owns 10,879 shares of the aerospace company’s stock valued at $202,000 after acquiring an additional 2,039 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Up 0.1 %

Shares of NYSE CAE opened at $17.62 on Wednesday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -24.47, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $24.88. The firm has a 50-day moving average price of $17.80 and a 200 day moving average price of $18.87. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CAE. Jefferies Financial Group started coverage on CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price on the stock. Canaccord Genuity Group downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Canaccord Genuity Group reissued a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Finally, Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.00.

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