AGF Management Ltd. raised its holdings in shares of CAE Inc. (NYSE:CAE – Free Report) (TSE:CAE) by 76.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,409 shares of the aerospace company’s stock after acquiring an additional 195,687 shares during the quarter. AGF Management Ltd. owned approximately 0.14% of CAE worth $10,103,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Tsfg LLC acquired a new stake in CAE in the 2nd quarter worth approximately $31,000. Mitsubishi UFJ Trust & Banking Corp grew its position in CAE by 42.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock valued at $107,000 after acquiring an additional 1,223 shares during the period. BNP Paribas Arbitrage SNC grew its position in CAE by 141.5% in the third quarter. BNP Paribas Arbitrage SNC now owns 8,510 shares of the aerospace company’s stock valued at $130,000 after acquiring an additional 4,986 shares during the period. Steph & Co. acquired a new position in CAE in the second quarter worth $148,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in CAE by 24.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 5,409 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 1,062 shares in the last quarter. 64.34% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on CAE from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. TD Securities increased their price target on CAE from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Bank of America increased their price objective on CAE from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. Finally, StockNews.com cut CAE from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.86.
CAE Stock Performance
CAE opened at $21.07 on Wednesday. CAE Inc. has a 12-month low of $18.74 and a 12-month high of $25.04. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 1.74 and a beta of 1.68. The business has a 50 day moving average of $22.58 and a 200-day moving average of $22.37. The company has a quick ratio of 0.73, a current ratio of 1.03 and a debt-to-equity ratio of 0.68.
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.
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