CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,900,000 shares, a decline of 18.6% from the February 13th total of 4,790,000 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 506,400 shares, the days-to-cover ratio is currently 7.7 days.

CAE Stock Performance

NYSE CAE traded up $0.23 on Wednesday, hitting $24.54. 340,923 shares of the company traded hands, compared to its average volume of 556,237. The business’s 50 day moving average price is $24.34 and its 200-day moving average price is $21.94. CAE has a 52-week low of $15.95 and a 52-week high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -47.19, a P/E/G ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (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 analysts expect that CAE will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CAE shares. National Bank Financial lowered shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Institutional Trading of CAE

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after buying an additional 77,489 shares during the period. Intech Investment Management LLC bought a new position in shares of CAE in the third quarter worth about $2,432,000. Geode Capital Management LLC boosted its stake in shares of CAE by 8.2% in the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock worth $25,218,000 after acquiring an additional 103,081 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of CAE during the third quarter worth about $453,000. Finally, Plato Investment Management Ltd bought a new stake in CAE during the 4th quarter valued at approximately $846,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

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.