CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 4,280,000 shares, an increase of 5.2% from the November 15th total of 4,070,000 shares. Based on an average daily volume of 591,600 shares, the short-interest ratio is currently 7.2 days. Approximately 1.4% of the company's shares are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.00.

Institutional Investors Weigh In On CAE

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP boosted its holdings in shares of CAE by 103.8% during the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company's stock valued at $206,027,000 after buying an additional 5,640,269 shares in the last quarter. Earnest Partners LLC bought a new stake in CAE during the second quarter worth about $82,597,000. National Bank of Canada FI grew its holdings in CAE by 36.4% in the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company's stock worth $101,559,000 after purchasing an additional 1,466,880 shares during the period. American Century Companies Inc. grew its holdings in CAE by 67.9% in the second quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company's stock worth $30,176,000 after purchasing an additional 657,227 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of CAE by 40.6% during the third quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock valued at $26,820,000 after purchasing an additional 412,906 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Up 1.2 %

CAE stock traded up $0.27 during trading hours on Monday, hitting $23.55. 252,758 shares of the stock traded hands, compared to its average volume of 584,845. CAE has a one year low of $15.95 and a one year high of $24.02. The company has a market cap of $7.50 billion, a PE ratio of -30.23, a PEG ratio of 1.73 and a beta of 1.74. The firm's 50-day moving average price is $20.64 and its two-hundred day moving average price is $19.02. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

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.