CAE Inc. (NYSE:CAE) Stake Raised by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. raised its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 9.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,088,488 shares of the aerospace company’s stock after purchasing an additional 97,876 shares during the period. CAE accounts for approximately 4.6% of Galibier Capital Management Ltd.’s portfolio, making the stock its 13th biggest holding. Galibier Capital Management Ltd.’s holdings in CAE were worth $20,457,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CAE. Ridgewood Investments LLC acquired a new position in shares of CAE in the second quarter worth $33,000. Cromwell Holdings LLC raised its position in CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 1,100 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CAE in the 1st quarter valued at $77,000. Finally, UniSuper Management Pty Ltd increased its position in CAE by 104.5% during the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CAE. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. StockNews.com lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.00.

CAE Trading Down 0.2 %

NYSE:CAE traded down $0.03 during mid-day trading on Wednesday, hitting $18.72. The company had a trading volume of 4,516 shares, compared to its average volume of 584,960. The firm has a market cap of $5.97 billion, a P/E ratio of -26.04, a P/E/G ratio of 1.33 and a beta of 1.67. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $23.24. The business’s fifty day moving average is $18.20 and its two-hundred day moving average is $18.55. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, August 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 negative net margin of 7.38% and a positive return on equity of 5.96%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that CAE Inc. will post 0.86 earnings per share for the current year.

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.