Two Sigma Investments LP Has $13.33 Million Holdings in CAE Inc. (NYSE:CAE)

Two Sigma Investments LP boosted its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 255.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 525,150 shares of the aerospace company’s stock after acquiring an additional 377,499 shares during the quarter. Two Sigma Investments LP’s holdings in CAE were worth $13,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its stake in CAE by 4.1% during the 4th quarter. Hantz Financial Services Inc. now owns 95,302 shares of the aerospace company’s stock valued at $2,419,000 after purchasing an additional 3,741 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in CAE by 3.2% during the fourth quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company’s stock valued at $5,879,000 after acquiring an additional 7,260 shares during the period. Asset Planning Inc bought a new position in CAE during the fourth quarter valued at about $30,000. Allworth Financial LP increased its stake in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock valued at $177,000 after acquiring an additional 913 shares during the period. Finally, Principal Financial Group Inc. increased its stake in CAE by 25.6% during the fourth quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company’s stock valued at $759,000 after acquiring an additional 6,100 shares during the period. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of CAE in a research note on Wednesday, May 14th. CIBC restated a “neutral” rating on shares of CAE in a research note on Thursday, May 15th. Scotiabank upgraded shares of CAE from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 15th. The Goldman Sachs Group raised their price target on shares of CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada lowered CAE from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $41.00 to $38.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

CAE Stock Up 0.5%

CAE stock opened at $25.03 on Friday. The business has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $23.94. The company has a market cap of $8.02 billion, a PE ratio of -48.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, May 13th. The aerospace company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Sell-side analysts anticipate that CAE Inc. will post 0.83 EPS for the current fiscal year.

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.