Summerhill Capital Management lnc. Boosts Holdings in CAE Inc. (NYSE:CAE)

Summerhill Capital Management lnc. boosted its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 32.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,202 shares of the aerospace company's stock after acquiring an additional 62,199 shares during the quarter. CAE accounts for approximately 4.8% of Summerhill Capital Management lnc.'s investment portfolio, making the stock its 13th biggest position. Summerhill Capital Management lnc. owned 0.08% of CAE worth $6,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CAE. Pembroke Management LTD raised its holdings in shares of CAE by 102.8% in the 4th quarter. Pembroke Management LTD now owns 47,573 shares of the aerospace company's stock valued at $1,207,000 after purchasing an additional 24,112 shares in the last quarter. Truist Financial Corp increased its holdings in CAE by 2.5% in the fourth quarter. Truist Financial Corp now owns 63,059 shares of the aerospace company's stock valued at $1,600,000 after buying an additional 1,519 shares during the last quarter. Principal Financial Group Inc. raised its stake in CAE by 25.6% in the fourth quarter. Principal Financial Group Inc. now owns 29,900 shares of the aerospace company's stock valued at $759,000 after buying an additional 6,100 shares in the last quarter. Allworth Financial LP lifted its holdings 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 buying an additional 913 shares during the last quarter. Finally, Asset Planning Inc acquired a new position in shares of CAE during the 4th quarter worth about $30,000. 67.36% of the stock is owned by institutional investors and hedge funds.

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CAE Price Performance

Shares of NYSE:CAE traded up $0.16 on Tuesday, reaching $25.04. 397,844 shares of the company were exchanged, compared to its average volume of 563,030. The company has a 50-day moving average of $24.33 and a 200-day moving average of $21.16. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of -48.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.72. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $27.62.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAE shares. Royal Bank of Canada boosted 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, February 18th. National Bank Financial cut shares of CAE from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on CAE from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Desjardins raised CAE from a "hold" rating to a "buy" rating in a report on Monday, December 23rd. Finally, TD Securities cut CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.