CAE Inc. (NYSE:CAE) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,133,171 shares of the aerospace company's stock after selling 20,960 shares during the quarter. Clearbridge Investments LLC owned about 0.98% of CAE worth $79,520,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Inc purchased a new position in CAE during the fourth quarter worth about $30,000. UniSuper Management Pty Ltd purchased a new position in CAE during the fourth quarter worth $147,000. Allworth Financial LP raised its stake in CAE by 14.2% in the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares during the last quarter. Centiva Capital LP acquired a new position in shares of CAE in the third quarter valued at approximately $197,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of CAE during the 4th quarter worth $225,000. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Trading Down 8.7 %

Shares of CAE stock traded down $2.05 during trading hours on Friday, hitting $21.51. The company's stock had a trading volume of 783,786 shares, compared to its average volume of 575,203. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $6.89 billion, a PE ratio of -41.37, a P/E/G ratio of 1.94 and a beta of 1.39. The business has a fifty day moving average of $24.45 and a 200 day moving average of $22.50. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62.

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CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. As a group, equities analysts forecast that CAE Inc. will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. National Bank Financial lowered CAE from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. StockNews.com downgraded shares of CAE from a "buy" rating to a "hold" rating in a research note on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $32.00.

CAE 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.