Legacy Wealth Asset Management LLC Sells 1,607 Shares of CAE Inc. (NYSE:CAE)

Legacy Wealth Asset Management LLC decreased its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,687 shares of the aerospace company’s stock after selling 1,607 shares during the period. Legacy Wealth Asset Management LLC’s holdings in CAE were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CAE. American Century Companies Inc. raised its position in shares of CAE by 67.9% in the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock worth $30,176,000 after acquiring an additional 657,227 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in CAE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 871 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in CAE in the second quarter worth about $310,000. Envestnet Asset Management Inc. boosted its holdings in shares of CAE by 22.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 199,281 shares of the aerospace company’s stock valued at $3,703,000 after buying an additional 36,084 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CAE by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 922,622 shares of the aerospace company’s stock worth $17,145,000 after buying an additional 114,229 shares during the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Trading Down 0.1 %

NYSE:CAE opened at $24.05 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $23.33 and a 200-day simple moving average of $19.93. The company has a market capitalization of $7.66 billion, a P/E ratio of -31.23, a PEG ratio of 1.76 and a beta of 1.72. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $25.53.

Analysts Set New Price Targets

CAE has been the subject of a number of analyst reports. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.00.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.