Legacy Wealth Asset Management LLC Makes New Investment in CAE Inc. (NYSE:CAE)

Legacy Wealth Asset Management LLC purchased a new stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 35,294 shares of the aerospace company's stock, valued at approximately $662,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in shares of CAE during the 2nd quarter valued at about $33,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company's stock worth $48,000 after acquiring an additional 1,100 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in CAE in the 1st quarter worth approximately $77,000. UniSuper Management Pty Ltd increased its holdings in CAE by 104.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the aerospace company's stock worth $93,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in CAE by 23.1% in the 2nd quarter. Signaturefd LLC now owns 10,879 shares of the aerospace company's stock worth $202,000 after acquiring an additional 2,039 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

CAE has been the subject of several analyst reports. StockNews.com lowered shares of CAE from a "buy" rating to a "hold" rating in a report on Friday, October 4th. Morgan Stanley lowered shares of CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. Finally, Royal Bank of Canada raised shares of CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. One investment 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $28.00.

CAE Stock Up 1.2 %

NYSE CAE traded up $0.22 during trading on Friday, hitting $18.57. The company's stock had a trading volume of 182,552 shares, compared to its average volume of 590,883. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61. The company has a market cap of $5.93 billion, a PE ratio of -25.79, a P/E/G ratio of 1.33 and a beta of 1.67. The business's 50 day simple moving average is $18.16 and its 200-day simple moving average is $18.57. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $23.24.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its earnings results on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping 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 was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities analysts anticipate that CAE Inc. will post 0.86 EPS for the current fiscal year.

CAE 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.