Bank of Montreal Can Has $93.45 Million Stock Holdings in CAE Inc. (NYSE:CAE)

Bank of Montreal Can raised its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,057,860 shares of the aerospace company's stock after buying an additional 77,489 shares during the quarter. Bank of Montreal Can owned 1.59% of CAE worth $93,446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC acquired a new position in CAE in the second quarter worth approximately $33,000. Cromwell Holdings LLC raised its holdings in shares of CAE by 103.4% during the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 915 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CAE in the 1st quarter valued at $77,000. Venturi Wealth Management LLC bought a new stake in CAE in the third quarter worth $74,000. Finally, Allworth Financial LP increased its position in CAE by 26.1% during the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock worth $120,000 after buying an additional 1,327 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CAE. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Morgan Stanley lowered shares of CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $25.00.

CAE Stock Performance

NYSE CAE traded up $0.26 during trading on Wednesday, hitting $23.33. The company's stock had a trading volume of 474,408 shares, compared to its average volume of 594,133. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $23.46. The firm has a market cap of $7.43 billion, a P/E ratio of -30.31, a price-to-earnings-growth ratio of 1.71 and a beta of 1.67. The firm has a 50 day moving average price of $19.31 and a 200 day moving average price of $18.69. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.62.

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.