JPMorgan Chase & Co. Decreases Holdings in CAE Inc. (NYSE:CAE)

JPMorgan Chase & Co. lessened its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,130,208 shares of the aerospace company's stock after selling 89,195 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of CAE worth $21,191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in CAE in the third quarter valued at $453,000. Toronto Dominion Bank boosted its holdings in shares of CAE by 40.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,430,382 shares of the aerospace company's stock worth $26,820,000 after purchasing an additional 412,906 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CAE by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company's stock valued at $25,218,000 after purchasing an additional 103,081 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CAE during the 3rd quarter valued at about $4,857,000. Finally, National Bank of Canada FI lifted its position in CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock worth $117,023,000 after buying an additional 736,895 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Stock Down 0.4 %

NYSE:CAE traded down $0.09 on Thursday, reaching $23.63. 636,660 shares of the stock traded hands, compared to its average volume of 412,252. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of -30.69, a PEG ratio of 1.73 and a beta of 1.72. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $25.53. The company's fifty day simple moving average is $22.80 and its 200 day simple moving average is $19.76.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CAE shares. Desjardins raised CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a research report on Monday. Cibc World Mkts cut shares of CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, CAE presently has an average rating of "Hold" and a consensus target price of $25.00.

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.