Phoenix Financial Ltd. Takes $10.31 Million Position in CAE Inc $CAE

Phoenix Financial Ltd. bought a new stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) in the 2nd quarter, Holdings Channel reports. The fund bought 352,200 shares of the aerospace company’s stock, valued at approximately $10,309,000.

Several other large investors also recently modified their holdings of the business. Browning West LP grew its stake in shares of CAE by 131.4% during the first quarter. Browning West LP now owns 13,734,943 shares of the aerospace company’s stock valued at $337,742,000 after acquiring an additional 7,800,012 shares in the last quarter. Vanguard Group Inc. grew its stake in CAE by 1.2% in the first quarter. Vanguard Group Inc. now owns 12,363,008 shares of the aerospace company’s stock worth $303,957,000 after purchasing an additional 149,142 shares in the last quarter. Select Equity Group L.P. grew its stake in CAE by 16.7% in the first quarter. Select Equity Group L.P. now owns 7,863,984 shares of the aerospace company’s stock worth $193,314,000 after purchasing an additional 1,122,470 shares in the last quarter. National Bank of Canada FI grew its stake in CAE by 15.6% in the first quarter. National Bank of Canada FI now owns 6,087,650 shares of the aerospace company’s stock worth $149,530,000 after purchasing an additional 822,037 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in CAE by 12.8% in the first quarter. American Century Companies Inc. now owns 2,964,515 shares of the aerospace company’s stock worth $72,885,000 after purchasing an additional 337,118 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

CAE Stock Performance

Shares of NYSE CAE opened at $28.07 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $27.60 and its two-hundred day moving average price is $26.85. CAE Inc has a 52-week low of $17.58 and a 52-week high of $30.13. The stock has a market capitalization of $9.00 billion, a P/E ratio of 30.51, a P/E/G ratio of 2.43 and a beta of 1.36.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Tuesday, August 12th. The aerospace company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. CAE had a net margin of 8.70% and a return on equity of 7.92%. The firm had revenue of $806.92 million for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side analysts forecast that CAE Inc will post 0.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CAE. Scotiabank reiterated an “outperform” rating on shares of CAE in a research note on Thursday, August 14th. Jefferies Financial Group reiterated a “hold” rating and issued a $30.00 price target on shares of CAE in a research note on Monday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of CAE in a research note on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of CAE in a research note on Monday, July 7th. Finally, TD Securities upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.67.

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.