Assenagon Asset Management S.A. Sells 2,127 Shares of CAE Inc (NYSE:CAE)

Assenagon Asset Management S.A. lessened its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,369 shares of the aerospace company’s stock after selling 2,127 shares during the period. Assenagon Asset Management S.A.’s holdings in CAE were worth $648,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Ossiam increased its position in CAE by 1.0% in the fourth quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock worth $1,173,000 after purchasing an additional 447 shares during the last quarter. Cetera Investment Advisers increased its position in CAE by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 497 shares during the last quarter. Rathbones Group PLC increased its position in CAE by 0.9% in the fourth quarter. Rathbones Group PLC now owns 54,600 shares of the aerospace company’s stock worth $1,386,000 after purchasing an additional 500 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in CAE by 0.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock worth $1,991,000 after purchasing an additional 646 shares during the last quarter. Finally, Schechter Investment Advisors LLC increased its position in CAE by 1.5% in the fourth quarter. Schechter Investment Advisors LLC now owns 45,047 shares of the aerospace company’s stock worth $1,143,000 after purchasing an additional 666 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CAE shares. Scotiabank upgraded shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 15th. National Bank Financial raised shares of CAE from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Jefferies Financial Group dropped their price objective on shares of CAE from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating on shares of CAE in a research note on Wednesday, May 14th. Finally, Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

CAE Stock Down 0.7%

Shares of CAE opened at $26.53 on Thursday. The firm has a market capitalization of $8.50 billion, a P/E ratio of 29.48, a P/E/G ratio of 2.21 and a beta of 1.28. CAE Inc has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a current ratio of 0.80, a quick ratio of 0.58 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $25.26 and a 200-day moving average price of $24.51.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $886.20 million during the quarter, compared to analyst estimates of $1.30 billion. CAE had a net margin of 8.55% and a return on equity of 8.17%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 earnings per share. Equities research analysts expect that CAE Inc will post 0.83 earnings per share for the current year.

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.