Heathbridge Capital Management Ltd. Sells 4,100 Shares of CAE Inc. (NYSE:CAE)

Heathbridge Capital Management Ltd. decreased its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 450,700 shares of the aerospace company’s stock after selling 4,100 shares during the quarter. CAE makes up approximately 4.5% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 8th biggest position. Heathbridge Capital Management Ltd.’s holdings in CAE were worth $11,433,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CAE. Asset Planning Inc bought a new stake in shares of CAE during the 4th quarter valued at $30,000. Cromwell Holdings LLC raised its position 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 acquiring an additional 915 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CAE during the 3rd quarter valued at $74,000. Allworth Financial LP raised its position in shares of CAE by 26.1% during the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 1,803 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Price Performance

Shares of NYSE CAE opened at $26.75 on Friday. The firm has a market cap of $8.55 billion, a PE ratio of -34.73, a PEG ratio of 1.79 and a beta of 1.72. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The company has a fifty day moving average price of $24.05 and a 200 day moving average price of $20.75.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results 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 negative net margin of 7.49% and a positive return on equity of 5.79%. Research analysts predict that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Cibc World Mkts cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CAE has a consensus rating of “Hold” and a consensus target price of $25.00.

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.