Ontario Teachers Pension Plan Board Cuts Position in Cae Inc (NYSE:CAE)

Ontario Teachers Pension Plan Board lessened its holdings in Cae Inc (NYSE:CAE) (TSE:CAE) by 73.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,865 shares of the aerospace company’s stock after selling 208,750 shares during the period. Ontario Teachers Pension Plan Board’s holdings in CAE were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. ETRADE Capital Management LLC boosted its holdings in CAE by 1.8% in the 4th quarter. ETRADE Capital Management LLC now owns 67,069 shares of the aerospace company’s stock worth $1,775,000 after buying an additional 1,166 shares during the last quarter. Shelton Capital Management boosted its holdings in CAE by 13.4% in the 4th quarter. Shelton Capital Management now owns 42,439 shares of the aerospace company’s stock worth $1,123,000 after buying an additional 5,022 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in CAE in the 4th quarter worth about $353,000. Assenagon Asset Management S.A. boosted its holdings in CAE by 302.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 31,823 shares of the aerospace company’s stock worth $842,000 after buying an additional 23,916 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in CAE by 17.6% in the 4th quarter. Geode Capital Management LLC now owns 388,431 shares of the aerospace company’s stock worth $10,228,000 after buying an additional 58,056 shares during the last quarter. Hedge funds and other institutional investors own 47.85% of the company’s stock.

Several equities research analysts recently issued reports on CAE shares. Scotiabank upgraded CAE from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 19th. Royal Bank of Canada lowered their price objective on CAE from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. BMO Capital Markets lowered their price objective on CAE from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. TheStreet cut CAE from a “b-” rating to a “c” rating in a report on Monday, March 30th. Finally, Canaccord Genuity upgraded CAE from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.43.

Shares of CAE stock opened at $13.56 on Friday. The stock has a market cap of $3.84 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.12 and a beta of 1.60. The stock’s 50 day simple moving average is $14.34 and its 200-day simple moving average is $23.02. Cae Inc has a 1-year low of $9.80 and a 1-year high of $31.56. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.17 and a quick ratio of 0.82.

CAE 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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