CAE Inc. (NYSE:CAE) Shares Acquired by Nexus Investment Management ULC

Nexus Investment Management ULC raised its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 2.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,486,990 shares of the aerospace company's stock after buying an additional 40,000 shares during the period. CAE comprises 2.7% of Nexus Investment Management ULC's investment portfolio, making the stock its 17th biggest position. Nexus Investment Management ULC owned approximately 0.47% of CAE worth $27,950,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CAE. Goldman Sachs Group Inc. grew its position in shares of CAE by 16.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,078,828 shares of the aerospace company's stock valued at $23,292,000 after purchasing an additional 153,188 shares during the period. Vanguard Group Inc. grew its position in shares of CAE by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 10,705,484 shares of the aerospace company's stock valued at $231,131,000 after purchasing an additional 98,687 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of CAE in the first quarter valued at about $500,000. Massmutual Trust Co. FSB ADV grew its position in shares of CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company's stock valued at $25,000 after purchasing an additional 707 shares during the period. Finally, Steph & Co. boosted its position in CAE by 39.2% during the first quarter. Steph & Co. now owns 12,635 shares of the aerospace company's stock worth $261,000 after acquiring an additional 3,558 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company's stock.

CAE Stock Up 1.5 %

CAE traded up $0.27 during trading hours on Wednesday, hitting $18.82. 1,096,695 shares of the company's stock were exchanged, compared to its average volume of 595,528. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $23.24. The firm has a 50 day moving average of $17.93 and a 200 day moving average of $18.63. The firm has a market cap of $6.01 billion, a P/E ratio of -26.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.67. 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 announced its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $0.18 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that CAE Inc. will post 0.86 EPS for the current fiscal year.

Analyst Ratings Changes

CAE has been the topic of a number of recent research reports. 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. Morgan Stanley lowered shares of CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. Finally, StockNews.com lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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, 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.