CAE Inc. (NYSE:CAE) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 22.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,281 shares of the aerospace company’s stock after buying an additional 36,084 shares during the period. Envestnet Asset Management Inc. owned 0.06% of CAE worth $3,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CAE. Massmutual Trust Co. FSB ADV increased its position in CAE by 142.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 707 shares during the period. Ridgewood Investments LLC acquired a new stake in CAE during the 2nd quarter worth about $33,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of CAE by 3,712.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 2,710 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of CAE in the first quarter worth $77,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Up 1.3 %

Shares of CAE opened at $18.86 on Thursday. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $23.62. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of -26.18, a P/E/G ratio of 1.31 and a beta of 1.67. The company has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $18.76. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 EPS. Equities analysts predict that CAE Inc. will post 0.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAE. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group began coverage on shares of CAE in a research report on Thursday, June 6th. They issued a “hold” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.