Citigroup Inc. Has $9.55 Million Holdings in CAE Inc $CAE

Citigroup Inc. increased its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 103.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 322,554 shares of the aerospace company’s stock after acquiring an additional 163,649 shares during the period. Citigroup Inc. owned 0.10% of CAE worth $9,553,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CAE. Sequoia Financial Advisors LLC boosted its position in CAE by 0.8% during the third quarter. Sequoia Financial Advisors LLC now owns 50,079 shares of the aerospace company’s stock worth $1,484,000 after purchasing an additional 394 shares during the period. United Services Automobile Association boosted its holdings in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after buying an additional 462 shares during the period. Russell Investments Group Ltd. grew its stake in CAE by 0.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 129,445 shares of the aerospace company’s stock valued at $3,770,000 after buying an additional 522 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in CAE by 2.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 31,038 shares of the aerospace company’s stock worth $908,000 after acquiring an additional 600 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in CAE by 3.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,959 shares of the aerospace company’s stock worth $555,000 after acquiring an additional 619 shares during the period. 67.36% of the stock is owned by institutional investors.

CAE Stock Up 0.3%

CAE opened at $29.67 on Monday. The company has a market capitalization of $9.55 billion, a P/E ratio of 35.75, a P/E/G ratio of 3.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.91 and a quick ratio of 0.69. The firm’s fifty day moving average price is $31.60 and its two-hundred day moving average price is $28.97. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The business had revenue of $911.78 million for the quarter, compared to analyst estimates of $922.62 million. During the same period in the previous year, the business earned $0.29 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that CAE Inc will post 0.83 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAE. Weiss Ratings downgraded CAE from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada lowered their target price on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a report on Sunday, February 15th. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.