Heathbridge Capital Management Ltd. Has $11.29 Million Stock Position in CAE Inc $CAE

Heathbridge Capital Management Ltd. trimmed its holdings in CAE Inc (NYSE:CAEFree Report) (TSE:CAE) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,050 shares of the aerospace company’s stock after selling 2,250 shares during the quarter. CAE makes up approximately 4.5% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 9th biggest position. Heathbridge Capital Management Ltd. owned 0.12% of CAE worth $11,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAE. State of Wyoming raised its holdings in shares of CAE by 39.4% during the 1st quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock worth $207,000 after acquiring an additional 2,385 shares in the last quarter. Clarius Group LLC purchased a new stake in shares of CAE during the 1st quarter worth approximately $246,000. Neuberger Berman Group LLC purchased a new stake in shares of CAE during the 1st quarter worth approximately $263,000. United Services Automobile Association raised its holdings in shares of CAE by 4.5% during the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock worth $265,000 after acquiring an additional 462 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of CAE during the 2nd quarter worth approximately $277,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

NYSE:CAE opened at $28.48 on Wednesday. The stock’s fifty day moving average is $27.77 and its 200 day moving average is $26.63. CAE Inc has a fifty-two week low of $17.58 and a fifty-two week high of $30.13. The firm has a market capitalization of $9.13 billion, a PE ratio of 30.95, a PEG ratio of 2.56 and a beta of 1.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.60 and a current ratio of 0.87.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last released its quarterly earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. CAE had a return on equity of 7.92% and a net margin of 8.70%.The company had revenue of $806.92 million for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. On average, sell-side analysts anticipate that CAE Inc will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on CAE shares. The Goldman Sachs Group started coverage on CAE in a report on Monday, June 30th. They set a “buy” rating and a $33.00 price objective on the stock. Wall Street Zen cut CAE from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CAE in a report on Saturday, September 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $30.00 price objective on shares of CAE in a report on Monday, July 21st. Finally, Cibc World Mkts upgraded CAE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.67.

Read Our Latest Research Report on CAE

CAE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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