Pembroke Management LTD Purchases 24,112 Shares of CAE Inc. (NYSE:CAE)

Pembroke Management LTD boosted its position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 102.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,573 shares of the aerospace company's stock after purchasing an additional 24,112 shares during the period. Pembroke Management LTD's holdings in CAE were worth $1,207,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Truist Financial Corp lifted its stake in CAE by 2.5% in the 4th quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company's stock valued at $1,600,000 after purchasing an additional 1,519 shares during the last quarter. Principal Financial Group Inc. lifted its position in CAE by 25.6% during the fourth quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company's stock worth $759,000 after acquiring an additional 6,100 shares during the last quarter. Allworth Financial LP lifted its position in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock worth $177,000 after acquiring an additional 913 shares during the last quarter. Asset Planning Inc acquired a new stake in CAE during the fourth quarter worth approximately $30,000. Finally, Stanley Laman Group Ltd. lifted its position in CAE by 3.2% during the fourth quarter. Stanley Laman Group Ltd. now owns 231,652 shares of the aerospace company's stock worth $5,879,000 after acquiring an additional 7,260 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CAE shares. TD Securities downgraded shares of CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. National Bank Financial downgraded shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research report on Wednesday. The Goldman Sachs Group raised their price objective on shares of CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Royal Bank of Canada raised their price objective on shares of CAE from $38.00 to $43.00 and gave the stock an "outperform" rating in a research report on Tuesday. Seven 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, CAE has an average rating of "Hold" and a consensus target price of $32.00.

CAE Price Performance

Shares of NYSE CAE traded down $0.95 during midday trading on Friday, reaching $24.56. The company's stock had a trading volume of 723,216 shares, compared to its average volume of 560,103. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The business's 50 day moving average price is $24.30 and its two-hundred day moving average price is $21.04. The company has a market cap of $7.85 billion, a P/E ratio of -47.22, a P/E/G ratio of 1.97 and a beta of 1.72.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last released its quarterly earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating 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%. On average, analysts forecast that CAE Inc. will post 0.83 EPS for the current fiscal year.

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.