New York State Common Retirement Fund Sells 206,876 Shares of CAE Inc. (NYSE:CAE)

New York State Common Retirement Fund lowered its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 15.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,118,999 shares of the aerospace company’s stock after selling 206,876 shares during the quarter. New York State Common Retirement Fund owned 0.35% of CAE worth $28,400,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC lifted its position in shares of CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company’s stock worth $425,000 after acquiring an additional 802 shares during the period. Allworth Financial LP lifted its position in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the period. Cromwell Holdings LLC lifted its position in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after buying an additional 915 shares during the period. Asset Planning Inc bought a new position in shares of CAE during the 4th quarter worth approximately $30,000. Finally, Hantz Financial Services Inc. lifted its position in shares of CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company’s stock worth $1,717,000 after buying an additional 1,223 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Stock Down 1.6 %

Shares of CAE stock opened at $25.50 on Friday. 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 Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The business has a fifty day simple moving average of $24.27 and a 200 day simple moving average of $20.98. The stock has a market cap of $8.15 billion, a PE ratio of -49.03, a price-to-earnings-growth ratio of 2.02 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 EPS for the quarter, topping 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%. Research analysts predict that CAE Inc. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

CAE has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada raised their target price on CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Wednesday. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, National Bank Financial cut CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, CAE has a consensus rating of “Hold” and an average target price 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.