Massachusetts Financial Services Co. MA Trims Holdings in CAE Inc. (NYSE:CAE)

Massachusetts Financial Services Co. MA trimmed its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 4.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,223,076 shares of the aerospace company’s stock after selling 59,518 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.38% of CAE worth $31,042,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in CAE in the fourth quarter valued at approximately $30,000. UniSuper Management Pty Ltd purchased a new position in shares of CAE in the fourth quarter valued at $147,000. Allworth Financial LP grew its position in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 913 shares during the last quarter. Centiva Capital LP acquired a new position in shares of CAE in the third quarter worth $197,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of CAE during the 4th quarter worth about $225,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Down 8.7 %

NYSE:CAE opened at $21.51 on Monday. The firm has a market capitalization of $6.89 billion, a P/E ratio of -41.37, a P/E/G ratio of 1.94 and a beta of 1.39. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62. The stock’s fifty day simple moving average is $24.45 and its 200-day simple moving average is $22.53. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, beating 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%. Equities research analysts expect that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAE. Royal Bank of Canada reissued an “outperform” rating and set a $43.00 price target on shares of CAE in a research report on Wednesday, March 12th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group upped their price target on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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, 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.