Plato Investment Management Ltd Invests $846,000 in CAE Inc. (NYSE:CAE)

Plato Investment Management Ltd acquired a new stake in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 33,244 shares of the aerospace company's stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAE. Asset Planning Inc purchased a new position in CAE during the fourth quarter valued at $30,000. Venturi Wealth Management LLC purchased a new position in shares of CAE during the 3rd quarter valued at about $74,000. Allworth Financial LP grew its stake in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company's stock valued at $177,000 after acquiring an additional 913 shares during the period. US Bancorp DE grew its stake in shares of CAE by 28.9% during the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock valued at $151,000 after acquiring an additional 1,803 shares during the period. Finally, Centiva Capital LP purchased a new stake in CAE in the 3rd quarter worth approximately $197,000. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

CAE Price Performance

Shares of CAE stock traded up $0.72 during trading on Friday, reaching $25.16. 617,223 shares of the stock traded hands, compared to its average volume of 552,880. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of -48.38, a P/E/G ratio of 1.94 and a beta of 1.74. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $27.62. The business has a fifty day simple moving average of $24.38 and a two-hundred day simple moving average of $21.50.

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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 positive return on equity of 6.11% and a negative net margin of 4.96%. Sell-side analysts expect that CAE Inc. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. StockNews.com upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. National Bank Financial cut CAE from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $32.00.

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.