CAE Inc. (NYSE:CAE) Shares Purchased by Maven Securities LTD

Maven Securities LTD raised its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,000 shares of the aerospace company’s stock after purchasing an additional 10,000 shares during the period. Maven Securities LTD’s holdings in CAE were worth $929,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in CAE in the fourth quarter valued at $319,000. Jones Financial Companies Lllp boosted its position in CAE by 3,712.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock worth $60,000 after purchasing an additional 2,710 shares during the period. CIBC Asset Management Inc increased its holdings in CAE by 21.3% in the 4th quarter. CIBC Asset Management Inc now owns 681,156 shares of the aerospace company’s stock valued at $14,749,000 after purchasing an additional 119,411 shares in the last quarter. 1832 Asset Management L.P. raised its position in CAE by 1.3% in the fourth quarter. 1832 Asset Management L.P. now owns 1,854,295 shares of the aerospace company’s stock valued at $40,034,000 after purchasing an additional 23,131 shares during the period. Finally, Ossiam lifted its position in CAE by 33.1% during the 4th quarter. Ossiam now owns 127,021 shares of the aerospace company’s stock worth $2,755,000 after acquiring an additional 31,602 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Down 0.7 %

Shares of CAE stock opened at $18.62 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average price of $17.67 and a 200 day moving average price of $18.76. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $23.62. The firm has a market cap of $5.94 billion, a P/E ratio of -25.86, a P/E/G ratio of 1.31 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. On average, sell-side analysts forecast that CAE Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group began coverage on CAE in a research report on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.00.

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