Aviso Financial Inc. Grows Stock Position in CAE Inc. (NYSE:CAE)

Aviso Financial Inc. lifted its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,557 shares of the aerospace company’s stock after purchasing an additional 4,226 shares during the quarter. Aviso Financial Inc.’s holdings in CAE were worth $1,334,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Intech Investment Management LLC acquired a new position in CAE during the third quarter worth $2,432,000. Geode Capital Management LLC grew its holdings in CAE by 8.2% during 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 acquired a new position in CAE during the third quarter worth $453,000. Finally, Plato Investment Management Ltd acquired a new position in CAE during the fourth quarter worth $846,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Up 2.9 %

Shares of NYSE:CAE opened at $24.33 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 52-week low of $15.95 and a 52-week high of $27.62. The stock’s fifty day simple moving average is $24.30 and its 200-day simple moving average is $21.73. The company has a market capitalization of $7.78 billion, a P/E ratio of -46.78, a P/E/G 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 (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, equities research analysts forecast that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CAE shares. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of CAE in a report on Wednesday. Eight investment 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 company has a consensus rating of “Hold” and a consensus price target of $32.00.

CAE Company 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.