Tobam Acquires 3,474 Shares of CAE Inc. (NYSE:CAE)

Tobam boosted its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 27.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,251 shares of the aerospace company’s stock after buying an additional 3,474 shares during the period. Tobam’s holdings in CAE were worth $302,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc increased its position in CAE by 21.3% in the 4th quarter. CIBC Asset Management Inc now owns 681,156 shares of the aerospace company’s stock valued at $14,749,000 after acquiring an additional 119,411 shares during the period. Stanley Laman Group Ltd. lifted its stake in shares of CAE by 20.1% in the second quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after buying an additional 35,222 shares in the last quarter. Henry James International Management Inc. lifted its position in shares of CAE by 16.0% during the first quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock valued at $4,343,000 after purchasing an additional 28,991 shares in the last quarter. Jane Street Group LLC raised its position in CAE by 97.2% in the first quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock worth $6,299,000 after acquiring an additional 150,429 shares during the period. Finally, Norges Bank purchased a new position in shares of CAE in the fourth quarter worth about $74,413,000. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CAE shares. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. Jefferies Financial Group started coverage on shares of CAE in a research report on Thursday, June 6th. They set a “hold” rating and a $21.00 price objective on the stock. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Finally, Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.00.

CAE Stock Down 0.9 %

Shares of CAE traded down $0.16 during midday trading on Friday, hitting $17.69. The company had a trading volume of 221,072 shares, compared to its average volume of 585,108. The company’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $18.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85. The firm has a market capitalization of $5.65 billion, a P/E ratio of -24.57, a P/E/G ratio of 1.25 and a beta of 1.67. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. CAE’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, sell-side analysts expect that CAE Inc. will post 0.86 EPS for the current year.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.