CAE Inc. (NYSE:CAE) Stake Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 50.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,510 shares of the aerospace company's stock after selling 104,401 shares during the period. Russell Investments Group Ltd.'s holdings in CAE were worth $2,600,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of CAE during the 4th quarter valued at about $98,436,000. First Eagle Investment Management LLC purchased a new stake in shares of CAE during the fourth quarter valued at approximately $24,207,000. Intact Investment Management Inc. acquired a new position in shares of CAE during the fourth quarter worth $13,763,000. American Century Companies Inc. boosted its stake in shares of CAE by 23.5% in the fourth quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company's stock valued at $66,715,000 after purchasing an additional 500,702 shares during the period. Finally, Geode Capital Management LLC grew its holdings in CAE by 31.2% during the 4th quarter. Geode Capital Management LLC now owns 1,779,962 shares of the aerospace company's stock valued at $44,941,000 after purchasing an additional 423,780 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

CAE traded up $0.71 during trading hours on Wednesday, hitting $24.16. 64,471 shares of the stock were exchanged, compared to its average volume of 523,411. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of -46.46, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The stock has a 50-day simple moving average of $24.14 and a 200-day simple moving average of $22.90. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CAE. Bank of America raised shares of CAE from an "underperform" rating to a "neutral" rating in a research report on Friday, March 7th. The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 target price on shares of CAE in a research note on Wednesday, March 12th. TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Saturday, April 12th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.