Steph & Co. Trims Holdings in CAE Inc $CAE

Steph & Co. reduced its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 55.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,355 shares of the aerospace company’s stock after selling 6,547 shares during the quarter. Steph & Co.’s holdings in CAE were worth $157,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. United Services Automobile Association lifted its holdings in CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after buying an additional 462 shares in the last quarter. Cetera Investment Advisers increased its position in shares of CAE by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 11,386 shares of the aerospace company’s stock worth $289,000 after acquiring an additional 497 shares during the period. Dynasty Wealth Management LLC raised its stake in shares of CAE by 6.5% during the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company’s stock valued at $443,000 after acquiring an additional 1,099 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CAE by 2.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company’s stock valued at $1,803,000 after purchasing an additional 2,062 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of CAE in the first quarter valued at approximately $53,000. 67.36% of the stock is currently owned by institutional investors.

CAE Trading Down 1.7%

CAE stock opened at $28.33 on Friday. The stock has a 50-day moving average price of $27.75 and a 200 day moving average price of $26.36. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.36. CAE Inc has a 52 week low of $17.58 and a 52 week high of $30.13. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $806.92 million for the quarter, compared to the consensus estimate of $1.12 billion. CAE had a net margin of 8.70% and a return on equity of 7.92%. During the same quarter in the prior year, the company earned $0.21 EPS. Sell-side analysts anticipate that CAE Inc will post 0.83 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAE. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. Cibc World Mkts upgraded CAE from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of CAE in a research report on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.67.

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.