CAE Inc. (NYSE:CAE) Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 71.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,562 shares of the aerospace company's stock after buying an additional 80,400 shares during the quarter. Korea Investment CORP owned approximately 0.06% of CAE worth $4,887,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CAE. Asset Planning Inc bought a new position in CAE during the 4th quarter worth about $30,000. Allworth Financial LP boosted its stake in shares of CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after purchasing an additional 913 shares in the last quarter. Centiva Capital LP purchased a new position in CAE during the third quarter valued at approximately $197,000. US Bancorp DE raised its stake in CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company's stock worth $226,000 after buying an additional 835 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in CAE during the third quarter worth $249,000. Hedge funds and other institutional investors own 67.36% of the company's stock.

Wall Street Analysts Forecast Growth

CAE has been the subject of several recent research reports. StockNews.com lowered CAE from a "buy" rating to a "hold" rating in a research report on Friday. National Bank Financial lowered shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Monday, December 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 price objective on shares of CAE in a research note on Wednesday, March 12th. Finally, TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, CAE currently has an average rating of "Hold" and a consensus price target of $32.00.

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CAE Stock Performance

Shares of NYSE CAE traded down $2.05 during midday trading on Friday, reaching $21.51. The company had a trading volume of 783,786 shares, compared to its average volume of 575,203. The stock has a market cap of $6.89 billion, a P/E ratio of -41.37, a P/E/G ratio of 1.94 and a beta of 1.39. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62. The business's 50-day simple moving average is $24.45 and its 200 day simple moving average is $22.50.

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

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.