First Eagle Investment Management LLC Buys Shares of 955,324 CAE Inc. (NYSE:CAE)

First Eagle Investment Management LLC acquired a new stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 955,324 shares of the aerospace company's stock, valued at approximately $24,207,000. First Eagle Investment Management LLC owned about 0.30% of CAE at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CAE. Asset Planning Inc acquired a new stake in shares of CAE in the 4th quarter valued at $30,000. Venturi Wealth Management LLC bought a new stake in CAE in the third quarter valued at about $74,000. US Bancorp DE increased its stake in CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock valued at $151,000 after acquiring an additional 1,803 shares during the period. Allworth Financial LP increased its stake in CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the period. Finally, Centiva Capital LP bought a new stake in CAE in the third quarter valued at about $197,000. Institutional investors and hedge funds own 67.36% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CAE shares. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. TD Securities cut shares of CAE from a "buy" rating to a "hold" rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group upped their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, CAE currently has a consensus rating of "Hold" and an average price target of $32.00.

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CAE Price Performance

Shares of CAE stock traded down $0.23 during trading hours on Tuesday, reaching $24.29. 322,616 shares of the company were exchanged, compared to its average volume of 557,470. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The stock's fifty day moving average is $24.31 and its two-hundred day moving average is $21.88. The company has a market cap of $7.78 billion, a price-to-earnings ratio of -46.71, a P/E/G ratio of 1.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

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

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.