CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,260,000 shares, a drop of 16.4% from the February 28th total of 3,900,000 shares. Based on an average daily volume of 515,000 shares, the short-interest ratio is presently 6.3 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of CAE

Several institutional investors and hedge funds have recently made changes to their positions in CAE. Asset Planning Inc acquired a new stake in shares of CAE during the fourth quarter worth $30,000. Natixis acquired a new position in shares of CAE during the 4th quarter worth about $38,000. UniSuper Management Pty Ltd bought a new stake in shares of CAE in the 4th quarter valued at about $147,000. Allworth Financial LP raised its position in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 913 shares during the period. Finally, Centiva Capital LP bought a new position in CAE during the 3rd quarter worth approximately $197,000. Institutional investors own 67.36% of the company’s stock.

CAE Trading Down 2.8 %

Shares of NYSE CAE traded down $0.70 during midday trading on Thursday, hitting $23.97. The stock had a trading volume of 218,047 shares, compared to its average volume of 571,245. The firm has a market cap of $7.68 billion, a P/E ratio of -46.10, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. CAE has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company’s 50-day simple moving average is $24.52 and its 200 day simple moving average is $22.43.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Research analysts anticipate that CAE will post 0.83 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Securities cut CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. The Goldman Sachs Group upped their target price on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of CAE in a report on Wednesday, March 12th. Finally, Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.00.

CAE Company 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.