Cibc World Market Inc. Lowers Stock Position in CAE Inc. (NYSE:CAE)

Cibc World Market Inc. cut its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,652,126 shares of the aerospace company’s stock after selling 334,308 shares during the period. Cibc World Market Inc.’s holdings in CAE were worth $41,935,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Hantz Financial Services Inc. grew its position in shares of CAE by 4.1% during the fourth quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company’s stock worth $2,419,000 after acquiring an additional 3,741 shares during the last quarter. Addenda Capital Inc. grew its position in CAE by 0.5% in the 4th quarter. Addenda Capital Inc. now owns 398,803 shares of the aerospace company’s stock valued at $10,122,000 after buying an additional 2,110 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in CAE in the 3rd quarter valued at $453,000. Toronto Dominion Bank grew its position in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company’s stock valued at $26,820,000 after buying an additional 412,906 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after buying an additional 103,081 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of analyst reports. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Finally, National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

CAE Trading Up 0.6 %

NYSE:CAE opened at $24.39 on Friday. The company has a market capitalization of $7.80 billion, a PE ratio of -31.68, a price-to-earnings-growth ratio of 1.81 and a beta of 1.72. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $25.53. The stock has a fifty day simple moving average of $23.93 and a 200-day simple moving average of $20.32.

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.