Fmr LLC Sells 3,465,372 Shares of CAE Inc. (NYSE:CAE)

FMR LLC cut its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 39.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,386,277 shares of the aerospace company's stock after selling 3,465,372 shares during the period. FMR LLC owned approximately 1.69% of CAE worth $101,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in CAE by 5.8% in the first quarter. Janus Henderson Group PLC now owns 52,483 shares of the aerospace company's stock worth $1,085,000 after acquiring an additional 2,900 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of CAE by 97.2% in the first quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company's stock valued at $6,299,000 after buying an additional 150,429 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of CAE by 3.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 32,646 shares of the aerospace company's stock worth $666,000 after acquiring an additional 1,025 shares in the last quarter. Addenda Capital Inc. raised its holdings in shares of CAE by 18.5% in the 2nd quarter. Addenda Capital Inc. now owns 394,829 shares of the aerospace company's stock worth $7,336,000 after acquiring an additional 61,683 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position 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 valued at $544,000 after acquiring an additional 1,264 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Up 0.6 %

CAE traded up $0.15 during trading on Thursday, hitting $23.45. 416,705 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 current ratio of 0.84 and a quick ratio of 0.59. CAE Inc. has a one year low of $15.95 and a one year high of $24.02. The stock's fifty day moving average is $19.97 and its 200 day moving average is $18.81.

Wall Street Analyst Weigh In

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

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.