BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Acquires 57,924 Shares of CAE Inc. (NYSE:CAE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 130.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,350 shares of the aerospace company's stock after buying an additional 57,924 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in CAE were worth $1,921,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. increased its position in CAE by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company's stock valued at $1,717,000 after acquiring an additional 1,223 shares during the last quarter. Bank of Montreal Can increased its position in shares of CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of CAE in the 3rd quarter worth approximately $2,432,000. Ontario Teachers Pension Plan Board purchased a new position in shares of CAE in the third quarter worth approximately $1,272,000. Finally, Swiss National Bank grew its position in CAE by 0.8% during the third quarter. Swiss National Bank now owns 962,700 shares of the aerospace company's stock valued at $18,102,000 after buying an additional 7,600 shares during the period. 67.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Royal Bank of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. Finally, Morgan Stanley downgraded CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, CAE has an average rating of "Hold" and an average target price of $25.00.

CAE Price Performance

CAE traded up $0.15 during trading on Thursday, hitting $23.45. 454,546 shares of the company traded hands, compared to its average volume of 591,180. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The stock's 50-day simple moving average is $19.97 and its two-hundred day simple moving average is $18.81. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $24.02.

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.