New York State Common Retirement Fund Has $24.86 Million Position in CAE Inc. (NYSE:CAE)

New York State Common Retirement Fund grew its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,325,875 shares of the aerospace company's stock after purchasing an additional 165,022 shares during the quarter. New York State Common Retirement Fund owned about 0.42% of CAE worth $24,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CAE. Brandes Investment Partners LP raised its holdings in shares of CAE by 103.8% during the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company's stock valued at $206,027,000 after purchasing an additional 5,640,269 shares in the last quarter. Earnest Partners LLC bought a new position in CAE in the 2nd quarter worth $82,597,000. National Bank of Canada FI raised its holdings in CAE by 36.4% in the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company's stock worth $101,559,000 after acquiring an additional 1,466,880 shares during the period. American Century Companies Inc. raised its holdings in CAE by 67.9% in the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company's stock worth $30,176,000 after acquiring an additional 657,227 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in CAE by 17.1% in the 1st quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company's stock worth $76,575,000 after acquiring an additional 541,066 shares during the period. Institutional investors own 67.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CAE. 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. StockNews.com lowered shares of CAE from a "buy" rating to a "hold" rating in a research report on Friday, October 4th. Finally, Morgan Stanley lowered shares of CAE from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 16th. One research 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. According to data from MarketBeat, CAE has a consensus rating of "Hold" and a consensus target price of $28.00.

CAE Price Performance

CAE stock traded up $0.10 during trading on Monday, hitting $18.05. 416,627 shares of the stock traded hands, compared to its average volume of 587,074. CAE Inc. has a one year low of $15.95 and a one year high of $23.24. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of -24.12, a P/E/G ratio of 1.30 and a beta of 1.67. The company has a 50 day simple moving average of $18.22 and a 200 day simple moving average of $18.53. 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 quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $0.18 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts expect that CAE Inc. will post 0.85 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.