Heathbridge Capital Management Ltd. Reduces Position in CAE Inc. (NYSE:CAE)

Heathbridge Capital Management Ltd. reduced its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,400 shares of the aerospace company’s stock after selling 35,500 shares during the quarter. CAE accounts for approximately 3.6% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 15th biggest holding. Heathbridge Capital Management Ltd. owned approximately 0.14% of CAE worth $8,455,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CAE. CIBC Asset Management Inc lifted its stake in shares of CAE by 21.3% during the 4th quarter. CIBC Asset Management Inc now owns 681,156 shares of the aerospace company’s stock worth $14,749,000 after acquiring an additional 119,411 shares during the last quarter. Stanley Laman Group Ltd. boosted its stake in shares of CAE by 20.1% during the second quarter. Stanley Laman Group Ltd. now owns 210,223 shares of the aerospace company’s stock valued at $3,906,000 after purchasing an additional 35,222 shares during the period. Henry James International Management Inc. grew its holdings in shares of CAE by 16.0% in the first quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock worth $4,343,000 after purchasing an additional 28,991 shares during the last quarter. Jane Street Group LLC increased its stake in CAE by 97.2% in the 1st quarter. Jane Street Group LLC now owns 305,191 shares of the aerospace company’s stock worth $6,299,000 after buying an additional 150,429 shares during the period. Finally, Norges Bank bought a new stake in CAE during the 4th quarter valued at about $74,413,000. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

CAE opened at $17.94 on Thursday. The firm has a market capitalization of $5.73 billion, a PE ratio of -24.92, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61. The business’s 50-day moving average is $17.86 and its two-hundred day moving average is $18.88. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. CAE had a negative net margin of 7.38% and a positive return on equity of 5.96%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Research analysts anticipate that CAE Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CAE shares. StockNews.com downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Jefferies Financial Group initiated coverage on CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price for the company. Canaccord Genuity Group lowered CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.