CAE Inc $CAE Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in CAE Inc (NYSE:CAE) (TSE:CAE) by 106.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,165 shares of the aerospace company’s stock after buying an additional 27,381 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CAE were worth $1,617,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CAE. CIBC Private Wealth Group LLC acquired a new position in shares of CAE during the 3rd quarter worth about $42,000. Bessemer Group Inc. lifted its stake in CAE by 26.0% during the third quarter. Bessemer Group Inc. now owns 5,547 shares of the aerospace company’s stock worth $164,000 after purchasing an additional 1,145 shares during the last quarter. Caprock Group LLC purchased a new stake in CAE during the third quarter worth approximately $280,000. XTX Topco Ltd acquired a new position in CAE in the second quarter valued at approximately $277,000. Finally, Militia Capital Partners LP purchased a new position in CAE in the third quarter valued at approximately $288,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of NYSE CAE opened at $25.50 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. CAE Inc has a twelve month low of $20.36 and a twelve month high of $34.24. The stock has a 50 day moving average of $29.85 and a two-hundred day moving average of $29.10. The stock has a market cap of $8.21 billion, a P/E ratio of 30.73, a P/E/G ratio of 3.05 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings cut shares of CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Zacks Research raised shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. TD Securities reiterated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a research report on Sunday, February 15th. Finally, Canaccord Genuity Group started coverage on shares of CAE in a research note on Friday, March 13th. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.