Short Interest in CAE Inc. (NYSE:CAE) Decreases By 16.4%

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,260,000 shares, a decrease of 16.4% from the February 28th total of 3,900,000 shares. Based on an average trading volume of 515,000 shares, the days-to-cover ratio is currently 6.3 days. Currently, 1.0% of the company's stock are sold short.

Analysts Set New Price Targets

Several research analysts recently commented on CAE shares. StockNews.com cut CAE from a "buy" rating to a "hold" rating in a research note on Friday. The Goldman Sachs Group boosted their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating in a report on Friday, March 7th. Finally, TD Securities lowered shares of CAE from a "buy" rating to a "hold" rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, CAE has a consensus rating of "Hold" and an average price target of $32.00.

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CAE Stock Down 8.7 %

Shares of NYSE:CAE traded down $2.05 during trading on Friday, hitting $21.51. 783,786 shares of the company were exchanged, compared to its average volume of 575,203. The firm's 50 day moving average price is $24.45 and its 200-day moving average price is $22.50. CAE has a 12-month low of $15.95 and a 12-month high of $27.62. 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 stock has a market capitalization of $6.89 billion, a P/E ratio of -41.37, a PEG ratio of 1.94 and a beta of 1.39.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last announced 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, research analysts predict that CAE will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of CAE

A number of large investors have recently made changes to their positions in CAE. Asset Planning Inc purchased a new stake in CAE in the fourth quarter valued at approximately $30,000. Natixis acquired a new position in shares of CAE in the 4th quarter valued at $38,000. Versant Capital Management Inc purchased a new stake in CAE in the 1st quarter valued at $53,000. UniSuper Management Pty Ltd acquired a new stake in CAE during the 4th quarter worth $147,000. Finally, Allworth Financial LP grew its position in CAE by 14.2% during the 4th 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 last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

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.