Oppenheimer Asset Management Inc. Acquires 4,370 Shares of CAE Inc. (NYSE:CAE)

Oppenheimer Asset Management Inc. increased its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 26.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,074 shares of the aerospace company’s stock after buying an additional 4,370 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CAE were worth $395,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CAE. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of CAE by 86.2% during the 1st 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 in the last quarter. Intech Investment Management LLC acquired a new stake in CAE during the first quarter worth about $305,000. Vanguard Group Inc. increased its holdings in CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 10,832,988 shares of the aerospace company’s stock valued at $223,593,000 after buying an additional 127,504 shares during the period. UniSuper Management Pty Ltd increased its holdings in CAE by 104.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock valued at $93,000 after buying an additional 2,300 shares during the period. Finally, Shell Asset Management Co. lifted its holdings in shares of CAE by 26.8% during the 1st quarter. Shell Asset Management Co. now owns 74,893 shares of the aerospace company’s stock worth $1,548,000 after acquiring an additional 15,819 shares during the period. Institutional investors own 67.36% of the company’s stock.

Analyst Ratings Changes

CAE has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.00.

CAE Stock Up 0.9 %

Shares of CAE opened at $22.47 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $22.53. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of -29.18, a PEG ratio of 1.61 and a beta of 1.67. The stock has a fifty day moving average of $18.78 and a 200-day moving average of $18.61.

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.