38,228 Shares in CAE Inc. (NYSE:CAE) Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,228 shares of the aerospace company's stock, valued at approximately $709,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of CAE during the 4th quarter valued at about $319,000. Norges Bank acquired a new position in shares of CAE in the 4th quarter valued at $74,413,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of CAE during the 4th quarter valued at $310,000. Hillsdale Investment Management Inc. increased 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 worth $35,000 after buying an additional 500 shares during the last quarter. Finally, DSM Capital Partners LLC raised its position in shares of CAE by 17,370.1% in the 4th quarter. DSM Capital Partners LLC now owns 135,393 shares of the aerospace company's stock worth $2,923,000 after buying an additional 134,618 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

CAE stock traded up $0.09 during trading on Wednesday, hitting $17.70. 580,758 shares of the company's stock traded hands, compared to its average volume of 588,235. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. CAE Inc. has a 52 week low of $15.95 and a 52 week high of $24.80. The stock has a fifty day moving average price of $17.79 and a two-hundred day moving average price of $18.86. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of -24.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.67.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that CAE Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CAE. Desjardins lowered CAE from a "buy" rating to a "hold" rating in a research note on Tuesday, May 21st. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Morgan Stanley lowered CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group cut CAE from a "buy" rating to a "hold" rating in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, CAE presently has an average rating of "Hold" and an average target price of $28.00.

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