Arrowstreet Capital Limited Partnership Sells 102,582 Shares of CAE Inc. (NYSE:CAE)

Arrowstreet Capital Limited Partnership lowered its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 516,858 shares of the aerospace company's stock after selling 102,582 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.16% of CAE worth $13,107,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Asset Planning Inc bought a new stake in shares of CAE in the 4th quarter worth approximately $30,000. UniSuper Management Pty Ltd acquired a new position in shares of CAE in the 4th quarter worth approximately $147,000. Allworth Financial LP raised its holdings in shares of CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in shares of CAE in the 4th quarter worth approximately $225,000. Finally, US Bancorp DE raised its holdings in shares of CAE by 10.4% in the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after buying an additional 835 shares in the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Stock Down 2.5 %

Shares of CAE traded down $0.58 during midday trading on Thursday, hitting $22.62. The stock had a trading volume of 72,687 shares, compared to its average volume of 577,259. The company has a 50 day simple moving average of $24.22 and a two-hundred day simple moving average of $22.61. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of -43.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

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CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. On average, analysts anticipate that CAE Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

CAE has been the subject of a number of recent research reports. TD Securities cut CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 target price on shares of CAE in a report on Wednesday, March 12th. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com cut CAE from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.