Ossiam Boosts Stake in CAE Inc. (NYSE:CAE)

Ossiam grew its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,220 shares of the aerospace company’s stock after purchasing an additional 447 shares during the period. Ossiam’s holdings in CAE were worth $1,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of CAE by 3.7% in the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company’s stock valued at $29,759,000 after acquiring an additional 42,325 shares in the last quarter. Geode Capital Management LLC raised its position in CAE by 8.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of CAE in the 4th quarter valued at about $4,746,000. Norges Bank acquired a new position in shares of CAE during the fourth quarter worth about $98,436,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of CAE during the third quarter worth approximately $453,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Down 0.6 %

Shares of NYSE CAE opened at $23.30 on Tuesday. The stock has a market cap of $7.46 billion, a PE ratio of -44.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The business has a 50-day moving average price of $24.14 and a 200 day moving average price of $22.90. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Equities research analysts forecast that CAE Inc. will post 0.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 22nd. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group boosted their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CAE presently has an average rating of “Hold” and an average 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.