Crossmark Global Holdings Inc. Has $290,000 Holdings in CAE Inc. (NYSE:CAE)

Crossmark Global Holdings Inc. lessened its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 41.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,471 shares of the aerospace company’s stock after selling 11,096 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CAE were worth $290,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board boosted its position in CAE by 9.5% during the second quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after purchasing an additional 89,800 shares during the period. Stanley Laman Group Ltd. grew its stake in CAE by 20.1% in the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after buying an additional 35,222 shares during the last quarter. Clearline Capital LP bought a new position in CAE in the 2nd quarter worth $2,290,000. Jane Street Group LLC lifted its position in CAE by 97.2% during the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock worth $6,299,000 after acquiring an additional 150,429 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after acquiring an additional 32,328 shares during the period. 67.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAE has been the subject of several research analyst reports. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

CAE Trading Down 1.1 %

CAE stock opened at $21.75 on Monday. The business has a 50 day moving average price of $18.61 and a two-hundred day moving average price of $18.58. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 0.62. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $22.11. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of -28.25, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67.

CAE Company 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.