Gilder Gagnon Howe & Co. LLC Purchases New Stake in CAE Inc. (NYSE:CAE)

Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,216,959 shares of the aerospace company’s stock, valued at approximately $27,540,000. Gilder Gagnon Howe & Co. LLC owned 0.38% of CAE as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Goodnow Investment Group LLC lifted its holdings in CAE by 0.5% during the first quarter. Goodnow Investment Group LLC now owns 1,902,651 shares of the aerospace company’s stock valued at $43,057,000 after purchasing an additional 9,850 shares during the last quarter. Greenland Capital Management LP purchased a new stake in CAE during the first quarter valued at about $222,000. Alberta Investment Management Corp lifted its holdings in CAE by 92.0% during the first quarter. Alberta Investment Management Corp now owns 264,700 shares of the aerospace company’s stock valued at $5,977,000 after purchasing an additional 126,846 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in CAE by 344.9% during the first quarter. Balyasny Asset Management L.P. now owns 60,896 shares of the aerospace company’s stock valued at $1,378,000 after purchasing an additional 47,209 shares during the last quarter. Finally, Sandler Capital Management lifted its holdings in CAE by 20.6% during the first quarter. Sandler Capital Management now owns 1,218,379 shares of the aerospace company’s stock valued at $27,567,000 after purchasing an additional 207,782 shares during the last quarter. Institutional investors own 64.34% of the company’s stock.

CAE Price Performance

CAE traded up $0.17 on Tuesday, reaching $24.12. The company had a trading volume of 41,600 shares, compared to its average volume of 192,393. The business has a 50 day simple moving average of $22.92 and a 200 day simple moving average of $22.36. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 1.85 and a beta of 1.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.73 and a current ratio of 1.03. CAE Inc. has a 52-week low of $15.23 and a 52-week high of $24.61.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Wednesday, August 9th. The aerospace company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. CAE had a net margin of 6.60% and a return on equity of 7.48%. The business had revenue of $785.03 million for the quarter, compared to analysts’ expectations of $765.40 million. As a group, sell-side analysts anticipate that CAE Inc. will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

CAE has been the topic of several recent research reports. StockNews.com initiated coverage on shares of CAE in a report on Thursday, August 17th. They set a “buy” rating on the stock. The Goldman Sachs Group increased their price target on shares of CAE from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. TD Securities increased their price target on shares of CAE from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Bank of America increased their price target on shares of CAE from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.