CAE Inc. (NYSE:CAE) Stock Position Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its stake in CAE Inc. (NYSE:CAE) (TSE:CAE) by 41.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ridgewood Investments LLC purchased a new position in CAE in the 2nd quarter worth about $33,000. Cromwell Holdings LLC lifted its position in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in 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. Lazard Asset Management LLC acquired a new stake in CAE during the 1st quarter valued at $77,000. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company’s stock valued at $93,000 after purchasing an additional 2,300 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CAE Stock Performance

Shares of CAE stock opened at $21.75 on Monday. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $22.11. The stock’s 50-day moving average is $18.61 and its two-hundred day moving average is $18.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.61. The firm has a market cap of $6.93 billion, a P/E ratio of -28.25, a PEG ratio of 1.61 and a beta of 1.67.

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.