Pictet Asset Management Holding SA Acquires 14,699 Shares of CAE Inc. (NYSE:CAE)

Pictet Asset Management Holding SA lifted its stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,251 shares of the aerospace company's stock after buying an additional 14,699 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.05% of CAE worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CAE. Asset Planning Inc acquired a new position in CAE during the 4th quarter valued at 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 grew its position in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after buying an additional 913 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of CAE during the third quarter worth $197,000. Finally, US Bancorp DE raised its holdings in CAE by 10.4% during 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 during the period. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Up 10.1 %

CAE stock traded up $2.14 during mid-day trading on Wednesday, hitting $23.20. 935,710 shares of the company's stock were exchanged, compared to its average volume of 579,220. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The stock has a 50 day moving average of $24.22 and a two-hundred day moving average of $22.61. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The stock has a market cap of $7.43 billion, a P/E ratio of -44.61, a P/E/G ratio of 1.94 and a beta of 1.39.

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CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share 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%. As a group, analysts anticipate that CAE Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $43.00 price objective on shares of CAE in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, CAE currently has a consensus 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.