Jane Street Group LLC Trims Stake in CAE Inc. (NYSE:CAE)

Jane Street Group LLC lessened its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 25.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 201,999 shares of the aerospace company's stock after selling 67,809 shares during the period. Jane Street Group LLC owned approximately 0.06% of CAE worth $3,787,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Bank of Montreal Can raised its position in CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after purchasing an additional 77,489 shares during the period. Canada Pension Plan Investment Board raised its holdings in CAE by 9.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company's stock valued at $19,188,000 after buying an additional 89,800 shares during the period. Clearline Capital LP purchased a new stake in CAE during the 2nd quarter valued at $2,290,000. Intech Investment Management LLC purchased a new position in CAE during the third quarter worth $2,432,000. Finally, Pinnacle Associates Ltd. increased its position in CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company's stock valued at $16,399,000 after acquiring an additional 32,328 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

CAE Trading Up 0.5 %

Shares of NYSE CAE traded up $0.12 during mid-day trading on Thursday, reaching $22.82. The company had a trading volume of 299,661 shares, compared to its average volume of 583,091. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of -29.64, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $24.02. The business's 50-day moving average is $21.03 and its 200-day moving average is $19.14. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CAE shares. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Cibc World Mkts lowered shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $25.00.

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.