Atria Investments Inc Has $779,000 Position in CAE Inc. (NYSE:CAE)

Atria Investments Inc lifted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 100.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,552 shares of the aerospace company’s stock after acquiring an additional 20,843 shares during the period. Atria Investments Inc’s holdings in CAE were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAE. Ridgewood Investments LLC acquired a new position in CAE in the second quarter valued at approximately $33,000. Cromwell Holdings LLC lifted its position in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 1,100 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in CAE in the first quarter worth $77,000. Finally, UniSuper Management Pty Ltd increased its stake in CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 2,300 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of CAE stock opened at $22.26 on Tuesday. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $22.34. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $18.69 and a 200-day moving average price of $18.59. The company has a market cap of $7.09 billion, a PE ratio of -28.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00.

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.