Campbell & CO Investment Adviser LLC Invests $826,000 in CAE Inc $CAE

Campbell & CO Investment Adviser LLC bought a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,218 shares of the aerospace company’s stock, valued at approximately $826,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAE. Browning West LP boosted its stake in CAE by 131.4% in the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after acquiring an additional 7,800,012 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CAE by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company’s stock valued at $303,957,000 after purchasing an additional 149,142 shares during the period. Select Equity Group L.P. grew its stake in CAE by 16.7% during the 1st quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after buying an additional 1,122,470 shares during the last quarter. National Bank of Canada FI increased its position in CAE by 15.6% during the first quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock worth $149,530,000 after buying an additional 822,037 shares during the period. Finally, American Century Companies Inc. increased its position in CAE by 12.8% during the first quarter. American Century Companies Inc. now owns 2,964,515 shares of the aerospace company’s stock worth $72,885,000 after buying an additional 337,118 shares during the period. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. Wall Street Zen lowered shares of CAE from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $30.00 target price on shares of CAE in a report on Monday, July 21st. TD Securities raised CAE from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CAE in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, CAE presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

CAE Trading Down 4.1%

Shares of CAE stock opened at $26.31 on Friday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42. CAE Inc has a 52-week low of $20.36 and a 52-week high of $30.13. The company’s 50-day simple moving average is $27.77 and its 200-day simple moving average is $27.42. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm had revenue of $897.99 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that CAE Inc will post 0.83 earnings per share for the current year.

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.