Fiera Capital Corp Sells 28,235 Shares of CAE Inc. (NYSE:CAE)

Fiera Capital Corp lessened its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,703 shares of the aerospace company's stock after selling 28,235 shares during the quarter. Fiera Capital Corp owned approximately 0.16% of CAE worth $9,600,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new position in shares of CAE in the second quarter valued at approximately $33,000. Cromwell Holdings LLC boosted its stake 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 valued at $34,000 after buying an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock valued at $48,000 after buying an additional 1,100 shares during the period. Lazard Asset Management LLC bought a new stake in shares of CAE in the first quarter valued at approximately $77,000. Finally, UniSuper Management Pty Ltd boosted its stake in shares of CAE by 104.5% in the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company's stock valued at $93,000 after buying an additional 2,300 shares during the period. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Trading Up 0.1 %

Shares of NYSE:CAE traded up $0.02 during trading on Friday, hitting $18.87. 454,701 shares of the company were exchanged, compared to its average volume of 480,591. The business's 50 day moving average is $18.31 and its 200-day moving average is $18.53. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $23.24.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. CAE's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. Sell-side analysts predict that CAE Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CAE shares. StockNews.com cut CAE from a "buy" rating to a "hold" rating in a research note on Friday, October 4th. Morgan Stanley cut CAE from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada upgraded CAE from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $28.00.

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.