Geode Capital Management LLC Purchases 103,081 Shares of CAE Inc. (NYSE:CAE)

Geode Capital Management LLC raised its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 8.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,356,182 shares of the aerospace company’s stock after purchasing an additional 103,081 shares during the quarter. Geode Capital Management LLC owned 0.43% of CAE worth $25,218,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CAE. Signaturefd LLC increased its position in shares of CAE by 23.1% during the second 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 in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of CAE in the second quarter worth $1,678,000. Pembroke Management LTD purchased a new position in shares of CAE in the second quarter worth $372,000. CIBC Asset Management Inc lifted its holdings in shares of CAE by 3.5% during the second quarter. CIBC Asset Management Inc now owns 771,963 shares of the aerospace company’s stock valued at $14,329,000 after purchasing an additional 26,415 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in shares of 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 valued at $101,559,000 after buying an additional 1,466,880 shares during the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAE has been the topic of several research analyst reports. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, CAE presently has a consensus rating of “Hold” and an average price target of $25.00.

CAE Price Performance

NYSE CAE opened at $25.32 on Friday. The company has a 50-day moving average price of $21.75 and a 200-day moving average price of $19.40. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $25.33. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $8.07 billion, a P/E ratio of -32.88, a PEG ratio of 1.73 and a beta of 1.74.

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.