Eqis Capital Management Inc. Trims Stock Holdings in Cae Inc (NYSE:CAE)

Eqis Capital Management Inc. lowered its position in Cae Inc (NYSE:CAE) (TSE:CAE) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,629 shares of the aerospace company’s stock after selling 14,052 shares during the quarter. Eqis Capital Management Inc. owned approximately 0.05% of CAE worth $3,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAE. Massachusetts Financial Services Co. MA acquired a new stake in shares of CAE in the third quarter valued at about $5,210,000. Parallel Advisors LLC grew its stake in shares of CAE by 8.9% in the third quarter. Parallel Advisors LLC now owns 5,839 shares of the aerospace company’s stock valued at $148,000 after buying an additional 477 shares in the last quarter. USS Investment Management Ltd grew its stake in shares of CAE by 0.3% in the third quarter. USS Investment Management Ltd now owns 6,049,669 shares of the aerospace company’s stock valued at $153,770,000 after buying an additional 17,339 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of CAE by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,432,129 shares of the aerospace company’s stock valued at $36,406,000 after buying an additional 19,818 shares in the last quarter. Finally, BB&T Securities LLC grew its stake in shares of CAE by 3.1% in the third quarter. BB&T Securities LLC now owns 13,221 shares of the aerospace company’s stock valued at $332,000 after buying an additional 399 shares in the last quarter. Institutional investors own 51.24% of the company’s stock.

NYSE CAE traded down $0.05 during mid-day trading on Tuesday, reaching $25.91. 1,827 shares of the company’s stock traded hands, compared to its average volume of 179,474. Cae Inc has a 1-year low of $17.82 and a 1-year high of $28.03. The company has a fifty day simple moving average of $25.07 and a 200-day simple moving average of $25.62. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 1.03. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 2.54 and a beta of 0.80.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Wednesday, August 14th. The aerospace company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). CAE had a net margin of 9.45% and a return on equity of 13.94%. The business had revenue of $825.60 million for the quarter, compared to analyst estimates of $849.39 million. During the same quarter last year, the business earned $0.26 EPS. CAE’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities research analysts forecast that Cae Inc will post 1.02 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on CAE. TD Securities increased their target price on CAE from $34.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Zacks Investment Research upgraded CAE from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Monday, October 21st. Scotiabank upgraded CAE from a “sector perform” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, August 30th. Raymond James reiterated a “hold” rating on shares of CAE in a research note on Friday, August 16th. Finally, ValuEngine lowered CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.67.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions 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.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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