Cibc World Market Inc. Sells 334,308 Shares of CAE Inc. (NYSE:CAE)

Cibc World Market Inc. lessened its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,652,126 shares of the aerospace company's stock after selling 334,308 shares during the period. Cibc World Market Inc. owned about 0.52% of CAE worth $41,935,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CAE. Cromwell Holdings LLC increased its position in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock worth $34,000 after acquiring an additional 915 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in CAE in the 3rd quarter valued at $74,000. Allworth Financial LP raised its position in CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock valued at $120,000 after purchasing an additional 1,327 shares during the period. US Bancorp DE lifted its stake in shares of CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock worth $151,000 after purchasing an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of CAE in the third quarter worth about $197,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Price Performance

NYSE:CAE traded up $0.24 during mid-day trading on Tuesday, reaching $23.33. 147,956 shares of the stock were exchanged, compared to its average volume of 472,448. 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 business has a fifty day moving average price of $23.94 and a 200 day moving average price of $20.40. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $25.53. The firm has a market capitalization of $7.46 billion, a PE ratio of -30.32, a PEG ratio of 1.77 and a beta of 1.72.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Finally, 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 three have issued a buy rating to the stock. According to MarketBeat, CAE has an average rating of "Hold" and an average 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.