PCJ Investment Counsel Ltd. Makes New Investment in CAE Inc. (NYSE:CAE)

PCJ Investment Counsel Ltd. purchased a new position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 96,590 shares of the aerospace company’s stock, valued at approximately $2,449,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Asset Planning Inc bought a new stake in CAE in the fourth quarter valued at approximately $30,000. Venturi Wealth Management LLC bought a new stake in CAE during the third quarter worth $74,000. US Bancorp DE raised its position in shares of 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 purchasing an additional 1,803 shares during the period. Allworth Financial LP increased its position in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 913 shares during the period. Finally, Centiva Capital LP bought a new position in CAE during the third quarter worth about $197,000. 67.36% of the stock is owned by institutional investors.

CAE Price Performance

CAE opened at $25.16 on Friday. CAE Inc. has a 12-month low of $15.95 and a 12-month 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 business’s fifty day simple moving average is $24.38 and its 200-day simple moving average is $21.50. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of -48.38, a PEG ratio of 1.94 and a beta of 1.74.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share 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%. On average, equities research analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of research analyst reports. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday. Finally, National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.00.

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.