CAE Inc. (NYSE:CAE) Position Cut by CIBC Asset Management Inc

CIBC Asset Management Inc cut its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 49.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,547 shares of the aerospace company's stock after selling 380,416 shares during the period. CIBC Asset Management Inc owned about 0.12% of CAE worth $7,354,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CAE. Confluence Investment Management LLC lifted its holdings in shares of CAE by 3.5% in the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company's stock valued at $466,000 after purchasing an additional 857 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of CAE by 2.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company's stock worth $632,000 after purchasing an additional 871 shares during the period. Cromwell Holdings LLC grew its position in shares of CAE by 103.4% in the third 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 during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in CAE by 4.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 29,280 shares of the aerospace company's stock worth $544,000 after buying an additional 1,264 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAE has been the subject of a number of research analyst reports. Morgan Stanley downgraded CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. Royal Bank of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.00.

CAE Stock Performance

CAE traded up $0.51 during trading on Monday, reaching $22.26. 454,509 shares of the company were exchanged, compared to its average volume of 592,347. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $22.34. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $18.61 and a 200 day moving average of $18.58. The stock has a market cap of $7.09 billion, a P/E ratio of -28.25, a PEG ratio of 1.61 and a beta of 1.67.

CAE 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.