Sanctuary Advisors LLC Buys New Shares in CAE Inc $CAE

Sanctuary Advisors LLC purchased a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 25,913 shares of the aerospace company’s stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Tacita Capital Inc bought a new position in shares of CAE in the second quarter worth about $37,000. Transamerica Financial Advisors LLC grew its stake in shares of CAE by 170.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 799 shares during the period. Kestra Advisory Services LLC bought a new position in shares of CAE during the 4th quarter valued at approximately $41,000. CIBC Private Wealth Group LLC purchased a new stake in CAE in the 3rd quarter worth approximately $42,000. Finally, Brown Brothers Harriman & Co. bought a new stake in CAE during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Morgan Stanley downgraded shares of CAE from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 15th. Weiss Ratings cut shares of CAE from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Royal Bank Of Canada decreased their price objective 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. National Bank Financial reaffirmed an “outperform” rating on shares of CAE in a report on Friday, May 22nd. Finally, Wall Street Zen lowered CAE from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.00.

CAE Stock Down 2.5%

NYSE CAE opened at $24.28 on Friday. CAE Inc has a 12 month low of $22.76 and a 12 month high of $34.24. The company has a current ratio of 0.96, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.78 billion, a PE ratio of 34.20, a P/E/G ratio of 2.85 and a beta of 1.01. The stock’s 50 day moving average is $25.60 and its 200 day moving average is $26.56.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, August 12th. The aerospace company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $826.42 million during the quarter, compared to analyst estimates of $796.86 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. CAE has set its FY 2027 guidance at 0.870-0.920 EPS. Research analysts predict that CAE Inc will post 0.87 EPS for the current fiscal year.

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.