CAE Inc. (NYSE:CAE) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB reduced its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 79.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,240 shares of the aerospace company's stock after selling 490,710 shares during the period. AMF Tjanstepension AB's holdings in CAE were worth $3,280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAE. National Bank of Canada FI raised its position in shares of CAE by 13.4% in the third quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after buying an additional 736,895 shares during the last quarter. Bank of Montreal Can grew its stake in CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock worth $93,446,000 after acquiring an additional 77,489 shares during the period. Toronto Dominion Bank raised its holdings in CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after acquiring an additional 412,906 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 acquiring an additional 103,081 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of CAE by 0.8% during the 3rd quarter. Swiss National Bank now owns 962,700 shares of the aerospace company's stock worth $18,102,000 after purchasing an additional 7,600 shares during the period. Hedge funds and other institutional investors own 67.36% of the company's stock.

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CAE Trading Down 2.2 %

CAE stock traded down $0.53 during midday trading on Wednesday, reaching $23.77. 872,148 shares of the company's stock traded hands, compared to its average volume of 559,962. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The business has a 50-day moving average price of $24.34 and a two-hundred day moving average price of $21.70. The company has a market capitalization of $7.60 billion, a P/E ratio of -45.70, a PEG ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its earnings results 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 negative net margin of 4.96% and a positive return on equity of 6.11%. Equities research analysts forecast that CAE Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.