Pembroke Management LTD Buys 3,420 Shares of CAE Inc. (NYSE:CAE)

Pembroke Management LTD boosted its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 17.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,461 shares of the aerospace company’s stock after purchasing an additional 3,420 shares during the period. Pembroke Management LTD’s holdings in CAE were worth $440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC purchased a new position in shares of CAE in the 2nd quarter worth $33,000. Cromwell Holdings LLC grew its stake 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 valued at $34,000 after purchasing an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of CAE in the 1st quarter worth approximately $77,000. Finally, UniSuper Management Pty Ltd lifted its stake in shares of CAE by 104.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock worth $93,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Stock Up 2.0 %

Shares of CAE stock opened at $17.95 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61. CAE Inc. has a one year low of $15.95 and a one year high of $23.24. The company’s fifty day moving average price is $18.22 and its 200-day moving average price is $18.53. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of -23.62, a PEG ratio of 1.39 and a beta of 1.67.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $0.18 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that CAE Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.