155,000 Shares in CAE Inc $CAE Acquired by Anson Funds Management LP

Anson Funds Management LP bought a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 155,000 shares of the aerospace company’s stock, valued at approximately $4,589,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of CAE in the 2nd quarter valued at approximately $118,239,000. Goldman Sachs Group Inc. raised its holdings in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after purchasing an additional 1,004,820 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of CAE by 356.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,135,546 shares of the aerospace company’s stock worth $33,267,000 after purchasing an additional 886,951 shares during the last quarter. Bank of Montreal Can grew its stake in shares of CAE by 17.9% during the third quarter. Bank of Montreal Can now owns 4,347,481 shares of the aerospace company’s stock worth $128,706,000 after purchasing an additional 658,837 shares in the last quarter. Finally, Brandes Investment Partners LP grew its stake in shares of CAE by 4.4% during the second quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock worth $433,287,000 after purchasing an additional 628,848 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Up 1.1%

CAE opened at $27.38 on Friday. CAE Inc has a one year low of $20.36 and a one year high of $34.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 0.91. The stock has a market capitalization of $8.81 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 3.23 and a beta of 1.11. The business’s 50-day simple moving average is $31.20 and its 200-day simple moving average is $29.09.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Thursday, February 12th. The aerospace company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $911.78 million during the quarter, compared to analysts’ expectations of $922.62 million. CAE had a return on equity of 7.75% and a net margin of 7.70%.The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Analysts anticipate that CAE Inc will post 0.83 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CAE. Stifel Nicolaus assumed coverage on CAE in a research note on Wednesday, March 4th. They issued a “buy” rating on the stock. Canaccord Genuity Group started coverage on CAE in a report on Friday. They issued a “buy” rating on the stock. TD Securities restated a “buy” rating on shares of CAE in a research note on Tuesday, February 17th. Weiss Ratings downgraded CAE from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CAE presently has an average rating of “Moderate Buy” and an average target price of $34.33.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.