67,770 Shares in CAE Inc. (NYSE:CAE) Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board purchased a new position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 67,770 shares of the aerospace company's stock, valued at approximately $1,272,000.

Several other hedge funds also recently bought and sold shares of the business. Brandes Investment Partners LP grew its stake in CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company's stock worth $206,027,000 after acquiring an additional 5,640,269 shares in the last quarter. Earnest Partners LLC bought a new position in CAE in the second quarter worth approximately $82,597,000. National Bank of Canada FI lifted its holdings in CAE by 36.4% during the second quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company's stock worth $101,559,000 after buying an additional 1,466,880 shares during the period. American Century Companies Inc. increased its holdings in shares of CAE by 67.9% in the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company's stock valued at $30,176,000 after acquiring an additional 657,227 shares during the period. Finally, AMF Tjanstepension AB raised its position in shares of CAE by 110.7% in the 2nd quarter. AMF Tjanstepension AB now owns 619,950 shares of the aerospace company's stock worth $11,512,000 after acquiring an additional 325,774 shares in the last quarter. Institutional investors own 67.36% of the company's stock.

CAE Price Performance

CAE traded up $0.45 on Thursday, reaching $23.14. The company had a trading volume of 84,329 shares, compared to its average volume of 590,110. The stock has a 50-day moving average price of $18.88 and a 200-day moving average price of $18.64. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $23.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

Analyst Upgrades and Downgrades

CAE has been the subject of several analyst reports. Royal Bank of Canada raised 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 report on Friday, August 16th. Finally, StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $25.00.

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.