CAE Inc. (NYSE:CAE) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 31.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,779,962 shares of the aerospace company's stock after purchasing an additional 423,780 shares during the quarter. Geode Capital Management LLC owned about 0.56% of CAE worth $44,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CAE. Asset Planning Inc purchased a new stake in CAE in the fourth quarter worth about $30,000. UniSuper Management Pty Ltd purchased a new position in shares of CAE in the 4th quarter valued at $147,000. Allworth Financial LP lifted its stake in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after purchasing an additional 913 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in CAE in the fourth quarter worth about $225,000. Finally, US Bancorp DE boosted its holdings in shares of CAE by 10.4% in the 4th quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock valued at $226,000 after buying an additional 835 shares in the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Stock Performance

Shares of CAE stock traded up $0.08 on Friday, hitting $23.43. The company had a trading volume of 254,387 shares, compared to its average volume of 571,218. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $27.62. 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 firm has a market cap of $7.50 billion, a P/E ratio of -45.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The company has a 50-day moving average price of $24.15 and a 200-day moving average price of $22.81.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CAE shares. TD Securities cut CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a research note on Friday, March 7th. National Bank Financial cut shares of CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, 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. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $32.00.

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.