Natixis Advisors LLC Sells 322,244 Shares of CAE Inc. (NYSE:CAE)

Natixis Advisors LLC cut its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 56.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,673 shares of the aerospace company's stock after selling 322,244 shares during the period. Natixis Advisors LLC owned about 0.08% of CAE worth $4,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JARISLOWSKY FRASER Ltd grew its stake in CAE by 28.5% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 17,334,635 shares of the aerospace company's stock valued at $375,982,000 after purchasing an additional 3,843,611 shares during the period. Norges Bank purchased a new stake in CAE during the fourth quarter worth about $74,413,000. AGF Management Ltd. raised its position in CAE by 174.1% in the fourth quarter. AGF Management Ltd. now owns 1,188,038 shares of the aerospace company's stock worth $26,348,000 after acquiring an additional 754,648 shares during the period. Clearbridge Investments LLC boosted its stake in CAE by 17.1% in the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company's stock valued at $76,575,000 after acquiring an additional 541,066 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of CAE by 14.5% during the 4th quarter. Public Sector Pension Investment Board now owns 3,932,914 shares of the aerospace company's stock valued at $85,304,000 after acquiring an additional 496,640 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of CAE stock traded down $0.24 during trading on Friday, hitting $17.60. The stock had a trading volume of 631,926 shares, compared to its average volume of 587,559. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of -24.44, a P/E/G ratio of 1.30 and a beta of 1.67. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $25.04. The business's 50-day moving average is $17.91 and its 200 day moving average is $18.90. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. As a group, sell-side analysts anticipate that CAE Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAE. Canaccord Genuity Group downgraded CAE from a "buy" rating to a "hold" rating in a research note on Wednesday, May 22nd. Desjardins lowered CAE from a "buy" rating to a "hold" rating in a report on Tuesday, May 21st. Canaccord Genuity Group reaffirmed a "hold" rating on shares of CAE in a report on Wednesday, May 22nd. Royal Bank of Canada upgraded shares of CAE from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 15th. Finally, StockNews.com lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $28.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.