Intech Investment Management LLC Invests $2.43 Million in CAE Inc. (NYSE:CAE)

Intech Investment Management LLC purchased a new position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 129,387 shares of the aerospace company's stock, valued at approximately $2,432,000.

Several other large investors have also bought and sold shares of the business. Ridgewood Investments LLC bought a new position in shares of CAE in the 2nd quarter worth $33,000. Cromwell Holdings LLC increased its stake in shares of CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Lazard Asset Management LLC bought a new position in CAE during the 1st quarter worth approximately $77,000. Venturi Wealth Management LLC acquired a new position in CAE during the third quarter valued at approximately $74,000. Finally, UniSuper Management Pty Ltd boosted its position in shares of CAE by 104.5% during the first quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company's stock worth $93,000 after purchasing an additional 2,300 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAE has been the subject of several research analyst reports. Morgan Stanley lowered shares of CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $25.00.

CAE Stock Up 1.7 %

CAE stock traded up $0.40 during trading hours on Monday, reaching $23.30. 671,062 shares of the stock were exchanged, compared to its average volume of 593,959. The firm's 50-day moving average is $19.20 and its 200-day moving average is $18.67. The company has a market cap of $7.42 billion, a price-to-earnings ratio of -30.26, a PEG ratio of 1.68 and a beta of 1.67. 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 12 month low of $15.95 and a 12 month high of $23.46.

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.