UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 53,186 Shares of CAE Inc. (NYSE:CAE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 489,066 shares of the aerospace company's stock after selling 53,186 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of CAE worth $9,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in CAE by 1.6% during the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock worth $93,446,000 after buying an additional 77,489 shares during the period. Canada Pension Plan Investment Board raised its stake in CAE by 9.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company's stock worth $19,188,000 after buying an additional 89,800 shares during the period. Stanley Laman Group Ltd. raised its stake in CAE by 20.1% during the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company's stock worth $3,906,000 after buying an additional 35,222 shares during the period. Clearline Capital LP acquired a new position in CAE during the 2nd quarter worth approximately $2,290,000. Finally, Intech Investment Management LLC acquired a new position in CAE during the 3rd quarter worth approximately $2,432,000. Institutional investors own 67.36% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CAE. Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. StockNews.com raised CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Royal Bank of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. Finally, Morgan Stanley lowered CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.00.

CAE Stock Performance

NYSE CAE traded down $0.25 on Monday, hitting $23.26. 513,788 shares of the stock traded hands, compared to its average volume of 590,171. The business's fifty day moving average is $20.26 and its two-hundred day moving average is $18.89. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $24.02. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of -30.21, a PEG ratio of 1.72 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

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.