Inscription Capital LLC Takes $628,000 Position in CAE Inc. (NYSE:CAE)

Inscription Capital LLC acquired a new position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) in the second quarter, HoldingsChannel reports. The fund acquired 20,382 shares of the aerospace company’s stock, valued at approximately $628,000.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in CAE by 4.3% in the first quarter. Geneos Wealth Management Inc. now owns 10,978 shares of the aerospace company’s stock valued at $343,000 after acquiring an additional 448 shares during the period. Knowledge Leaders Capital LLC lifted its holdings in shares of CAE by 1.2% in the second quarter. Knowledge Leaders Capital LLC now owns 39,923 shares of the aerospace company’s stock valued at $1,230,000 after purchasing an additional 481 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of CAE by 44.7% in the second quarter. Arkadios Wealth Advisors now owns 2,201 shares of the aerospace company’s stock valued at $67,000 after purchasing an additional 680 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of CAE by 0.6% in the second quarter. BlackRock Inc. now owns 139,872 shares of the aerospace company’s stock valued at $4,308,000 after purchasing an additional 774 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of CAE by 2.3% in the second quarter. Natixis Advisors L.P. now owns 34,341 shares of the aerospace company’s stock valued at $1,058,000 after purchasing an additional 784 shares in the last quarter. 56.28% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on CAE. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Zacks Investment Research upgraded CAE from a “sell” rating to a “hold” rating in a report on Tuesday, August 31st. Scotiabank upped their target price on CAE from C$44.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday, August 12th. TD Securities lowered their price target on CAE from C$41.00 to C$40.00 and set a “hold” rating on the stock in a research report on Monday, September 27th. Finally, CIBC boosted their price target on CAE from C$43.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and an average target price of $39.70.

CAE stock opened at $30.48 on Thursday. CAE Inc. has a 12 month low of $15.53 and a 12 month high of $32.19. The stock’s 50 day moving average is $29.44 and its 200-day moving average is $30.06. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 98.33, a PEG ratio of 4.97 and a beta of 1.81.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings results on Wednesday, August 11th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $612.76 million for the quarter, compared to the consensus estimate of $608.68 million. CAE had a return on equity of 7.39% and a net margin of 3.50%. As a group, equities research analysts predict that CAE Inc. will post 0.76 earnings per share for the current fiscal year.

CAE Profile

CAE, Inc engages in the provision of digital immersion and training services for the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment focuses on aviation professionals, airlines, business aviation operators, and aircraft manufacturers.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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