Aviso Financial Inc. Grows Stock Position in CAE Inc. (NYSE:CAE)

Aviso Financial Inc. increased its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,557 shares of the aerospace company’s stock after purchasing an additional 4,226 shares during the quarter. Aviso Financial Inc.’s holdings in CAE were worth $1,334,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in CAE during the fourth quarter worth about $30,000. Venturi Wealth Management LLC purchased a new position in shares of CAE in the 3rd quarter worth about $74,000. Allworth Financial LP raised its holdings in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after purchasing an additional 913 shares during the period. US Bancorp DE raised its holdings in shares of CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after purchasing an additional 1,803 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of CAE in the 3rd quarter worth about $197,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Price Performance

CAE stock opened at $24.33 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The firm has a market cap of $7.78 billion, a P/E ratio of -46.78, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The stock has a 50-day simple moving average of $24.30 and a 200-day simple moving average of $21.73.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, equities analysts predict that CAE Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CAE. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

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.