American Century Companies Inc. Buys 500,702 Shares of CAE Inc. (NYSE:CAE)

American Century Companies Inc. increased its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,627,397 shares of the aerospace company's stock after purchasing an additional 500,702 shares during the quarter. American Century Companies Inc. owned approximately 0.82% of CAE worth $66,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CAE. Asset Planning Inc bought a new stake in shares of CAE in the 4th quarter valued at about $30,000. Allworth Financial LP boosted its holdings in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the last quarter. Centiva Capital LP acquired a new stake in CAE during the 3rd quarter valued at approximately $197,000. 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 purchasing an additional 835 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of CAE in the 3rd quarter worth approximately $249,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Down 2.9 %

CAE stock traded down $0.75 during mid-day trading on Friday, reaching $24.57. The stock had a trading volume of 160,604 shares, compared to its average volume of 570,621. The firm has a market capitalization of $7.87 billion, a PE ratio of -47.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The stock's 50-day simple moving average is $24.50 and its 200-day simple moving average is $22.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on CAE shares. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. Royal Bank of Canada restated an "outperform" rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group increased their price target on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.00.

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.