96,590 Shares in CAE Inc. (NYSE:CAE) Bought by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. acquired a new position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) in the 4th quarter, HoldingsChannel reports. The fund acquired 96,590 shares of the aerospace company’s stock, valued at approximately $2,449,000.

Several other institutional investors and hedge funds have also made changes to their positions in CAE. US Bancorp DE lifted its holdings in CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 1,803 shares during the period. Atria Investments Inc lifted its stake in shares of CAE by 100.6% in the 3rd quarter. Atria Investments Inc now owns 41,552 shares of the aerospace company’s stock valued at $779,000 after purchasing an additional 20,843 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in CAE during the 3rd quarter worth approximately $74,000. Aigen Investment Management LP lifted its position in CAE by 68.8% during the 3rd quarter. Aigen Investment Management LP now owns 30,955 shares of the aerospace company’s stock worth $581,000 after acquiring an additional 12,619 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of CAE by 26.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,074 shares of the aerospace company’s stock valued at $395,000 after purchasing an additional 4,370 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of NYSE CAE opened at $25.16 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $8.04 billion, a PE ratio of -48.38, a PEG ratio of 1.94 and a beta of 1.74. The stock’s 50 day moving average price is $24.38 and its 200-day moving average price is $21.50. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAE. Royal Bank of Canada upped their price objective on CAE from $38.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Desjardins raised CAE from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, CAE currently has an average rating of “Hold” and a consensus target price of $32.00.

About CAE

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.