Aperio Group LLC boosted its position in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,485 shares of the aerospace company’s stock after buying an additional 36,619 shares during the period. Aperio Group LLC’s holdings in CAE were worth $5,042,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legato Capital Management LLC raised its position in CAE by 1,423.6% in the first quarter. Legato Capital Management LLC now owns 7,675,571 shares of the aerospace company’s stock worth $503,766,000 after buying an additional 7,171,805 shares during the last quarter. Mackenzie Financial Corp raised its position in CAE by 17.7% in the first quarter. Mackenzie Financial Corp now owns 7,332,489 shares of the aerospace company’s stock worth $112,114,000 after buying an additional 1,105,110 shares during the last quarter. Renaissance Technologies LLC raised its position in CAE by 47.8% in the first quarter. Renaissance Technologies LLC now owns 1,777,500 shares of the aerospace company’s stock worth $27,180,000 after buying an additional 574,900 shares during the last quarter. AGF Investments Inc. raised its position in CAE by 148.9% in the first quarter. AGF Investments Inc. now owns 936,317 shares of the aerospace company’s stock worth $14,290,000 after buying an additional 560,123 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC raised its position in CAE by 15.2% in the first quarter. Columbia Wanger Asset Management LLC now owns 3,020,308 shares of the aerospace company’s stock worth $46,145,000 after buying an additional 399,324 shares during the last quarter. 56.87% of the stock is currently owned by institutional investors.
CAE Inc (NYSE CAE) remained flat at $16.87 during mid-day trading on Monday. The stock had a trading volume of 31,633 shares. The company has a 50 day moving average of $17.11 and a 200-day moving average of $15.63. CAE Inc has a 52 week low of $12.98 and a 52 week high of $17.88. The firm has a market cap of $4.53 billion, a P/E ratio of 22.89 and a beta of 0.86.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $734.70 million for the quarter, compared to the consensus estimate of $748.41 million. CAE had a net margin of 9.30% and a return on equity of 13.96%. CAE’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. On average, analysts forecast that CAE Inc will post $0.86 EPS for the current fiscal year.
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A number of research analysts recently weighed in on CAE shares. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, April 18th. BidaskClub raised shares of CAE from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.00.
About CAE
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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