Osmosis Investment Management UK Ltd bought a new stake in shares of CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,881 shares of the aerospace company’s stock, valued at approximately $798,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of CAE in the second quarter valued at $649,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CAE during the 2nd quarter valued at $65,215,000. Bank of Nova Scotia bought a new stake in shares of CAE during the 2nd quarter worth $42,956,000. Korea Investment CORP acquired a new position in shares of CAE in the 2nd quarter worth $9,617,000. Finally, Callan Family Office LLC acquired a new position in shares of CAE in the 2nd quarter worth $992,000. 67.36% of the stock is currently owned by institutional investors.
CAE Price Performance
NYSE CAE opened at $24.74 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.77. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.01. The company has a 50 day simple moving average of $25.64 and a 200-day simple moving average of $26.70. CAE Inc has a 52-week low of $22.76 and a 52-week high of $34.24.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CAE. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research report on Thursday, August 13th. Wall Street Zen downgraded CAE from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Weiss Ratings cut shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.
Read Our Latest Stock Analysis on CAE
About CAE
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.
Featured Stories
- Five stocks we like better than CAE
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CAE Inc (NYSE:CAE – Free Report) (TSE:CAE).
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.
