Skandinaviska Enskilda Banken AB publ Raises Holdings in CAE Inc. (NYSE:CAE)

Skandinaviska Enskilda Banken AB publ grew its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 24.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,409 shares of the aerospace company’s stock after purchasing an additional 1,062 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in CAE were worth $165,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of CAE by 698.4% in the 4th quarter. CWM LLC now owns 1,453 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 1,271 shares during the last quarter. Addison Advisors LLC bought a new position in shares of CAE in the 4th quarter valued at about $49,000. Gulf International Bank UK Ltd lifted its holdings in shares of CAE by 15.3% in the 4th quarter. Gulf International Bank UK Ltd now owns 3,398 shares of the aerospace company’s stock valued at $65,000 after acquiring an additional 450 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of CAE by 17.1% in the 4th quarter. Quadrant Capital Group LLC now owns 4,476 shares of the aerospace company’s stock valued at $87,000 after acquiring an additional 653 shares during the last quarter. Finally, Gyon Technologies Capital Management LP bought a new position in shares of CAE in the 4th quarter valued at about $100,000. Hedge funds and other institutional investors own 64.34% of the company’s stock.

CAE Stock Performance

CAE stock opened at $23.36 on Tuesday. The company has a 50 day moving average price of $22.46 and a 200-day moving average price of $22.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.73 and a current ratio of 1.03. CAE Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $24.32. The company has a market capitalization of $7.43 billion, a PE ratio of 34.86, a P/E/G ratio of 1.81 and a beta of 1.69.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings results on Wednesday, May 31st. The aerospace company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. CAE had a net margin of 6.60% and a return on equity of 7.48%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $881.21 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was up 31.6% on a year-over-year basis. As a group, equities analysts forecast that CAE Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAE. StockNews.com began coverage on shares of CAE in a report on Thursday, August 17th. They issued a “buy” rating for the company. The Goldman Sachs Group raised their price objective on shares of CAE from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. TD Securities raised their price objective on shares of CAE from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Bank of America raised their price objective on shares of CAE from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.50.

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.