Pembroke Management LTD Has $1.21 Million Stake in CAE Inc. (NYSE:CAE)

Pembroke Management LTD lifted its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 102.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,573 shares of the aerospace company’s stock after acquiring an additional 24,112 shares during the period. Pembroke Management LTD’s holdings in CAE were worth $1,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Planning Inc acquired a new position in shares of CAE during the fourth quarter valued at about $30,000. Cromwell Holdings LLC increased its position in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after buying an additional 915 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in CAE during the 3rd quarter worth approximately $74,000. Allworth Financial LP boosted its holdings in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after acquiring an additional 1,327 shares in the last quarter. Finally, US Bancorp DE grew its stake in CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 1,803 shares during the period. 67.36% of the stock is owned by institutional investors.

CAE Stock Up 13.8 %

CAE opened at $26.75 on Tuesday. CAE Inc. 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 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The company’s 50-day moving average is $24.12 and its 200 day moving average is $20.84. The firm has a market capitalization of $8.55 billion, a P/E ratio of -34.73, a PEG ratio of 1.79 and a beta of 1.72.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.79% and a negative net margin of 7.49%. Research analysts expect that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CAE shares. StockNews.com lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Finally, National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

CAE 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.