PCJ Investment Counsel Ltd. Acquires Shares of 96,590 CAE Inc. (NYSE:CAE)

PCJ Investment Counsel Ltd. bought a new stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 96,590 shares of the aerospace company's stock, valued at approximately $2,449,000.

Several other hedge funds have also recently added to or reduced their stakes in CAE. Asset Planning Inc acquired a new position in shares of CAE during the 4th quarter valued at $30,000. Venturi Wealth Management LLC acquired a new stake in shares of CAE in the third quarter worth about $74,000. US Bancorp DE lifted its position in shares of CAE by 28.9% in the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock worth $151,000 after buying an additional 1,803 shares during the last quarter. Allworth Financial LP increased its stake in shares of CAE by 14.2% in the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after purchasing an additional 913 shares during the period. Finally, Centiva Capital LP bought a new position in shares of CAE in the third quarter worth about $197,000. Institutional investors own 67.36% of the company's stock.

CAE Price Performance

Shares of NYSE:CAE traded down $0.53 during trading on Wednesday, hitting $23.77. 872,148 shares of the company were exchanged, compared to its average volume of 559,962. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 0.70. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62. The company has a market capitalization of $7.60 billion, a P/E ratio of -45.70, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The business's 50 day moving average is $24.34 and its 200-day moving average is $21.70.

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CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. Equities analysts forecast that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CAE. The Goldman Sachs Group boosted their price target on CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Desjardins raised CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. Bank of America raised CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. TD Securities downgraded CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Finally, Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $32.00.

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.