Heathbridge Capital Management Ltd. Sells 35,500 Shares of CAE Inc. (NYSE:CAE)

Heathbridge Capital Management Ltd. decreased its holdings in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 7.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455,400 shares of the aerospace company's stock after selling 35,500 shares during the quarter. CAE comprises approximately 3.6% of Heathbridge Capital Management Ltd.'s portfolio, making the stock its 15th biggest position. Heathbridge Capital Management Ltd. owned 0.14% of CAE worth $8,455,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CAE. Hillsdale Investment Management Inc. boosted its holdings in shares of CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company's stock valued at $35,000 after buying an additional 500 shares in the last quarter. Spire Wealth Management boosted its stake in CAE by 52.8% during the first quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company's stock worth $42,000 after acquiring an additional 697 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company's stock worth $25,000 after purchasing an additional 707 shares during the period. Confluence Investment Management LLC increased its stake in shares of CAE by 3.5% during the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company's stock valued at $466,000 after purchasing an additional 857 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of CAE by 11.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company's stock valued at $210,000 after purchasing an additional 1,025 shares during the last quarter. Institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CAE. Canaccord Genuity Group lowered CAE from a "buy" rating to a "hold" rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group reaffirmed a "hold" rating on shares of CAE in a research report on Wednesday, May 22nd. Royal Bank of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a research report on Thursday, August 15th. Morgan Stanley cut shares of CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. Finally, Jefferies Financial Group started coverage on shares of CAE in a research note on Thursday, June 6th. They issued a "hold" rating and a $21.00 target price on the stock. One 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 a consensus rating of "Hold" and a consensus price target of $28.00.

CAE Stock Performance

NYSE:CAE traded up $0.25 during mid-day trading on Thursday, reaching $18.20. The company's stock had a trading volume of 551,399 shares, compared to its average volume of 586,845. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 0.67. The stock has a market cap of $5.81 billion, a P/E ratio of -25.27, a PEG ratio of 1.28 and a beta of 1.67. The firm's fifty day moving average price is $17.84 and its two-hundred day moving average price is $18.87. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $25.04.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. On average, equities analysts forecast that CAE Inc. will post 0.86 EPS for the current fiscal year.

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.