Picton Mahoney Asset Management Purchases Shares of 21,100 Cae Inc (CAE)

Picton Mahoney Asset Management purchased a new stake in shares of Cae Inc (NYSE:CAE) (TSE:CAE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,100 shares of the aerospace company’s stock, valued at approximately $493,000.

A number of other large investors have also made changes to their positions in the stock. CIBC World Markets Inc. increased its holdings in CAE by 0.5% during the 4th quarter. CIBC World Markets Inc. now owns 1,124,011 shares of the aerospace company’s stock valued at $20,862,000 after purchasing an additional 5,299 shares during the period. Highstreet Asset Management Inc. increased its holdings in CAE by 113.8% during the 4th quarter. Highstreet Asset Management Inc. now owns 199,092 shares of the aerospace company’s stock valued at $3,698,000 after purchasing an additional 105,966 shares during the period. Dean Capital Investments Management LLC purchased a new position in CAE during the 4th quarter valued at about $338,000. Commerzbank Aktiengesellschaft FI increased its holdings in CAE by 52.7% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 48,401 shares of the aerospace company’s stock valued at $898,000 after purchasing an additional 16,700 shares during the period. Finally, Port Capital LLC purchased a new position in CAE during the 4th quarter valued at about $511,000. Institutional investors own 51.97% of the company’s stock.

Cae Inc (CAE) opened at $17.97 on Monday. Cae Inc has a twelve month low of $14.04 and a twelve month high of $19.00. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $4,818.73, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Friday, November 10th. The aerospace company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). CAE had a return on equity of 13.09% and a net margin of 9.55%. The firm had revenue of $515.41 million for the quarter, compared to analysts’ expectations of $554.83 million. sell-side analysts expect that Cae Inc will post 0.84 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on CAE. Zacks Investment Research downgraded CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. AltaCorp Capital reiterated a “hold” rating and set a $21.00 target price on shares of CAE in a report on Sunday, November 12th. Finally, ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.33.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Stock Observer and is the property of of Stock Observer. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2018/02/05/picton-mahoney-asset-management-purchases-shares-of-21100-cae-inc-cae.html.

CAE Profile

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cae Inc (NYSE:CAE) (TSE:CAE).

Institutional Ownership by Quarter for CAE (NYSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply