CAE Inc. (NYSE:CAE) Short Interest Up 22.1% in July

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 3,590,000 shares, a growth of 22.1% from the June 30th total of 2,940,000 shares. Based on an average daily volume of 629,300 shares, the short-interest ratio is currently 5.7 days. Currently, 1.1% of the shares of the company are short sold.

CAE Price Performance

Shares of CAE stock traded down $0.06 during trading on Tuesday, hitting $17.91. 355,262 shares of the company’s stock traded hands, compared to its average volume of 586,147. CAE has a twelve month low of $17.40 and a twelve month high of $25.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.61. The company has a market cap of $5.71 billion, a PE ratio of -24.87, a PEG ratio of 1.29 and a beta of 1.67. The firm’s fifty day moving average price is $18.62 and its 200 day moving average price is $19.44.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The company had revenue of $835.47 million for the quarter, compared to analyst estimates of $863.18 million. CAE had a negative net margin of 6.97% and a positive return on equity of 6.10%. During the same period in the previous year, the firm posted $0.26 earnings per share. Analysts forecast that CAE will post 0.86 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV increased its position in shares of CAE by 142.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 500 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in CAE during the 2nd quarter valued at $33,000. Spire Wealth Management raised its position in CAE by 52.8% in the 1st quarter. Spire Wealth Management now owns 2,018 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 697 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group reiterated a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. The Goldman Sachs Group raised their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Finally, Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.00.

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.