Sanctuary Advisors LLC Purchases Shares of 24,183 CAE Inc. (NYSE:CAE)

Sanctuary Advisors LLC bought a new position in CAE Inc. (NYSE:CAE - Free Report) TSE: CAE during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,183 shares of the aerospace company's stock, valued at approximately $453,000.

Several other institutional investors and hedge funds have also made changes to their positions in CAE. JARISLOWSKY FRASER Ltd grew its holdings in shares of CAE by 1.3% in the second quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company's stock valued at $413,168,000 after purchasing an additional 284,768 shares during the period. Brandes Investment Partners LP boosted its holdings 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 valued at $206,027,000 after purchasing an additional 5,640,269 shares during the last quarter. National Bank of Canada FI boosted its holdings in CAE by 13.4% in the 3rd quarter. National Bank of Canada FI now owns 6,235,627 shares of the aerospace company's stock valued at $117,023,000 after purchasing an additional 736,895 shares during the last quarter. Bank of Montreal Can grew its stake in shares of CAE by 1.6% in the 3rd quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company's stock valued at $93,446,000 after buying an additional 77,489 shares during the period. Finally, Earnest Partners LLC acquired a new stake in shares of CAE during the 2nd quarter worth approximately $82,597,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAE has been the topic of a number of recent analyst reports. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. StockNews.com upgraded CAE from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Desjardins raised CAE from a "hold" rating to a "buy" rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CAE has a consensus rating of "Hold" and a consensus price target of $25.00.

CAE Trading Up 1.3 %

Shares of CAE traded up $0.32 during midday trading on Friday, hitting $25.32. 319,719 shares of the stock were exchanged, compared to its average volume of 578,193. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $25.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The stock has a fifty day simple moving average of $21.75 and a 200 day simple moving average of $19.40. The firm has a market cap of $8.07 billion, a P/E ratio of -32.88, a P/E/G ratio of 1.73 and a beta of 1.74.

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.