Ontario Teachers Pension Plan Board Purchases New Holdings in CAE Inc. (NYSE:CAE)

Ontario Teachers Pension Plan Board acquired a new stake in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 67,770 shares of the aerospace company's stock, valued at approximately $1,272,000.

Several other hedge funds have also modified their holdings of CAE. Canada Pension Plan Investment Board boosted its stake in shares of CAE by 9.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company's stock valued at $19,188,000 after buying an additional 89,800 shares during the period. Stanley Laman Group Ltd. grew its holdings in CAE by 20.1% during the 2nd quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company's stock worth $3,906,000 after acquiring an additional 35,222 shares in the last quarter. Clearline Capital LP purchased a new stake in shares of CAE in the 2nd quarter valued at approximately $2,290,000. Jane Street Group LLC raised its holdings in shares of CAE by 97.2% in the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company's stock valued at $6,299,000 after purchasing an additional 150,429 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of CAE by 3.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company's stock valued at $16,399,000 after purchasing an additional 32,328 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of NYSE CAE traded up $0.62 during trading hours on Thursday, reaching $23.31. The stock had a trading volume of 645,475 shares, compared to its average volume of 592,842. The firm has a 50-day moving average of $18.98 and a 200-day moving average of $18.67. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of -30.27, a PEG ratio of 1.67 and a beta of 1.67. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $23.46.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CAE shares. Morgan Stanley lowered CAE from an "overweight" rating to an "equal weight" rating in a report on Friday, August 16th. Royal Bank of Canada upgraded CAE from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, CAE has a consensus rating of "Hold" and a consensus price target of $25.00.

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, 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.