Addenda Capital Inc. Grows Position in CAE Inc. (NYSE:CAE)

Addenda Capital Inc. increased its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 398,803 shares of the aerospace company’s stock after buying an additional 2,110 shares during the period. Addenda Capital Inc.’s holdings in CAE were worth $10,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cromwell Holdings LLC boosted 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 in the last quarter. Venturi Wealth Management LLC bought a new stake in CAE during the 3rd quarter valued at approximately $74,000. Allworth Financial LP boosted its position in 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 in the last quarter. US Bancorp DE grew its holdings 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 worth $151,000 after acquiring an additional 1,803 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of CAE in the 3rd quarter valued at approximately $197,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CAE shares. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, CAE currently has an average rating of “Hold” and an average target price of $25.00.

CAE Trading Up 0.3 %

Shares of CAE stock opened at $24.14 on Tuesday. 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 12-month low of $15.95 and a 12-month high of $25.53. The stock has a market capitalization of $7.69 billion, a P/E ratio of -31.36, a P/E/G ratio of 1.76 and a beta of 1.72. The firm’s 50 day moving average is $23.54 and its 200 day moving average is $20.02.

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.