Geode Capital Management LLC Buys 103,081 Shares of CAE Inc. (NYSE:CAE)

Geode Capital Management LLC raised its stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,356,182 shares of the aerospace company's stock after buying an additional 103,081 shares during the quarter. Geode Capital Management LLC owned 0.43% of CAE worth $25,218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CAE. IHT Wealth Management LLC increased its position in shares of CAE by 3.7% in the 3rd quarter. IHT Wealth Management LLC now owns 22,690 shares of the aerospace company's stock valued at $425,000 after buying an additional 802 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of CAE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company's stock worth $632,000 after acquiring an additional 871 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock worth $34,000 after purchasing an additional 915 shares during the period. Hantz Financial Services Inc. lifted its holdings in shares of CAE by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 91,561 shares of the aerospace company's stock valued at $1,717,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of CAE by 26.1% in the 3rd 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. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Up 1.3 %

CAE stock traded up $0.32 during midday trading on Friday, hitting $25.32. The company's stock had a trading volume of 319,719 shares, compared to its average volume of 578,193. The company's fifty day moving average price is $21.75 and its 200 day moving average price is $19.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $25.33. The stock has a market capitalization of $8.07 billion, a P/E ratio of -32.88, a PEG ratio of 1.73 and a beta of 1.74.

Analysts Set New Price Targets

A number of brokerages have weighed in on CAE. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Finally, Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, CAE currently has an average rating of "Hold" and an average price target of $25.00.

CAE Company 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.