Galibier Capital Management Ltd. Takes $18.85 Million Position in CAE Inc. (NYSE:CAE)

Galibier Capital Management Ltd. acquired a new position in shares of CAE Inc. (NYSE:CAEGet Rating) (TSE:CAE) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 766,639 shares of the aerospace company’s stock, valued at approximately $18,852,000. CAE comprises approximately 3.6% of Galibier Capital Management Ltd.’s portfolio, making the stock its 13th largest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Addison Advisors LLC purchased a new position in CAE in the first quarter worth $35,000. Quadrant Capital Group LLC grew its stake in CAE by 40.9% during the 1st quarter. Quadrant Capital Group LLC now owns 3,387 shares of the aerospace company’s stock worth $89,000 after buying an additional 983 shares during the last quarter. Signaturefd LLC increased its position in CAE by 16.7% during the 1st quarter. Signaturefd LLC now owns 3,848 shares of the aerospace company’s stock valued at $100,000 after buying an additional 552 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in CAE by 42.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,085 shares of the aerospace company’s stock valued at $107,000 after buying an additional 1,223 shares during the last quarter. Finally, Group One Trading L.P. acquired a new stake in CAE in the first quarter worth about $180,000. Hedge funds and other institutional investors own 60.92% of the company’s stock.

Analyst Ratings Changes

CAE has been the topic of several recent analyst reports. TD Securities cut their price objective on shares of CAE from C$41.00 to C$34.00 in a report on Thursday, August 11th. Royal Bank of Canada decreased their price target on shares of CAE from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Thursday, August 11th. Scotiabank dropped their price objective on shares of CAE from C$43.50 to C$37.50 in a report on Thursday, August 11th. BMO Capital Markets reduced their target price on CAE from C$36.00 to C$33.00 in a research note on Friday, August 26th. Finally, Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Monday, June 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, CAE presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.28.

CAE Stock Performance

NYSE:CAE traded down $0.89 during mid-day trading on Friday, hitting $15.57. The company’s stock had a trading volume of 15,495 shares, compared to its average volume of 390,381. CAE Inc. has a 1 year low of $16.41 and a 1 year high of $34.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.06 and a quick ratio of 0.79. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 67.57, a PEG ratio of 2.00 and a beta of 1.56. The business’s fifty day moving average is $21.45 and its two-hundred day moving average is $23.65.

CAE (NYSE:CAEGet Rating) (TSE:CAE) last issued its quarterly earnings data on Wednesday, August 10th. The aerospace company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.16). The company had revenue of $933.40 million during the quarter, compared to analyst estimates of $936.30 million. CAE had a net margin of 2.74% and a return on equity of 5.50%. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. Analysts anticipate that CAE Inc. will post 0.68 EPS for the current fiscal year.

CAE Profile

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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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