Assenagon Asset Management S.A. lowered its stake in Cae Inc (NYSE:CAE) (TSE:CAE) by 92.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,900 shares of the aerospace company’s stock after selling 194,307 shares during the period. Assenagon Asset Management S.A.’s holdings in CAE were worth $292,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CAE. Quadrant Capital Group LLC lifted its position in shares of CAE by 265.6% during the 4th quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock worth $186,000 after purchasing an additional 7,638 shares during the last quarter. Advisors Capital Management LLC acquired a new position in shares of CAE during the 4th quarter worth about $190,000. Bristol Gate Capital Partners Inc. bought a new position in CAE during the third quarter valued at about $253,000. CLARET ASSET MANAGEMENT Corp bought a new position in CAE during the third quarter valued at about $311,000. Finally, Global Financial Private Capital LLC increased its stake in CAE by 48.3% during the third quarter. Global Financial Private Capital LLC now owns 26,521 shares of the aerospace company’s stock valued at $539,000 after acquiring an additional 8,636 shares during the period. 47.54% of the stock is owned by institutional investors.
CAE has been the topic of several research reports. Scotiabank restated an “average” rating and set a $31.00 price target on shares of CAE in a research note on Tuesday, November 13th. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Macquarie upgraded CAE from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 14th. Finally, TD Securities restated a “hold” rating on shares of CAE in a research note on Monday, November 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.13.
CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Tuesday, November 13th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. CAE had a return on equity of 13.36% and a net margin of 11.83%. The firm had revenue of $743.80 million for the quarter, compared to analyst estimates of $661.29 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 20.3% compared to the same quarter last year. Analysts anticipate that Cae Inc will post 0.94 EPS for the current fiscal year.
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CAE Company Profile
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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