Sanctuary Advisors LLC Invests $453,000 in CAE Inc. (NYSE:CAE)

Sanctuary Advisors LLC acquired a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 24,183 shares of the aerospace company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock valued at $93,446,000 after buying an additional 77,489 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in CAE by 9.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock valued at $19,188,000 after acquiring an additional 89,800 shares in the last quarter. Clearline Capital LP acquired a new position in CAE during the 2nd quarter worth $2,290,000. Intech Investment Management LLC bought a new position in shares of CAE in the third quarter worth $2,432,000. Finally, Pinnacle Associates Ltd. increased its holdings in shares of CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after purchasing an additional 32,328 shares during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CAE has been the subject of several research analyst reports. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, CAE has an average rating of “Hold” and an average target price of $25.00.

CAE Stock Performance

Shares of CAE opened at $25.00 on Friday. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $25.02. The stock has a market capitalization of $7.96 billion, a P/E ratio of -32.47, a P/E/G ratio of 1.73 and a beta of 1.74. The firm’s 50 day moving average is $21.63 and its 200-day moving average is $19.35. 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 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.