Tower Research Capital LLC TRC Sells 1,774 Shares of CAE Inc. (NYSE:CAE)

Tower Research Capital LLC TRC lessened its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,566 shares of the aerospace company’s stock after selling 1,774 shares during the quarter. Tower Research Capital LLC TRC’s holdings in CAE were worth $268,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CAE. Natixis bought a new position in CAE in the fourth quarter worth approximately $38,000. Ossiam increased its stake in CAE by 1.0% during the 4th quarter. Ossiam now owns 46,220 shares of the aerospace company’s stock valued at $1,173,000 after purchasing an additional 447 shares in the last quarter. First Trust Advisors LP acquired a new position in CAE during the fourth quarter worth $213,000. Capital International Investors lifted its stake in shares of CAE by 80.3% in the fourth quarter. Capital International Investors now owns 1,657,584 shares of the aerospace company’s stock valued at $42,090,000 after buying an additional 738,361 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of CAE by 0.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 79,352 shares of the aerospace company’s stock valued at $1,991,000 after buying an additional 646 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAE has been the topic of a number of analyst reports. TD Securities lowered shares of CAE from a “buy” rating to a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Finally, National Bank Financial downgraded shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, CAE presently has a consensus rating of “Hold” and a consensus target price of $32.00.

CAE Price Performance

Shares of NYSE:CAE opened at $25.91 on Friday. The company has a market capitalization of $8.30 billion, a P/E ratio of -49.83, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The company’s 50-day moving average is $23.97 and its 200 day moving average is $23.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last released its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. On average, equities research analysts forecast that CAE Inc. will post 0.83 earnings per share for the current year.

About CAE

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.