10,524 Shares in CAE Inc. (NYSE:CAE) Bought by Centiva Capital LP

Centiva Capital LP bought a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,524 shares of the aerospace company’s stock, valued at approximately $197,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CAE. Ridgewood Investments LLC purchased a new position in CAE during the second quarter worth about $33,000. Cromwell Holdings LLC increased its position in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in CAE in the third quarter valued at about $74,000. Allworth Financial LP increased its position in shares of CAE by 26.1% during the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares during the last quarter. Finally, US Bancorp DE lifted 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 acquiring an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Morgan Stanley lowered CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.00.

CAE Stock Down 0.3 %

Shares of CAE stock opened at $23.45 on Friday. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $24.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The stock has a market cap of $7.47 billion, a PE ratio of -30.45, a price-to-earnings-growth ratio of 1.72 and a beta of 1.74. The business’s fifty day moving average is $20.55 and its 200-day moving average is $18.99.

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.