State of Wyoming acquired a new stake in shares of CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 21,487 shares of the aerospace company’s stock, valued at approximately $538,000.
Several other hedge funds also recently made changes to their positions in CAE. Transamerica Financial Advisors LLC increased its holdings in shares of CAE by 170.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,267 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 799 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in CAE in the fourth quarter worth $41,000. CIBC Private Wealth Group LLC acquired a new position in CAE in the third quarter worth $42,000. Brown Brothers Harriman & Co. bought a new stake in CAE during the fourth quarter valued at $47,000. Finally, Purpose Unlimited Inc. acquired a new stake in shares of CAE during the fourth quarter worth $74,000. Institutional investors and hedge funds own 67.36% of the company’s stock.
CAE Stock Performance
Shares of CAE opened at $27.14 on Tuesday. The firm has a 50-day moving average price of $25.65 and a 200 day moving average price of $26.94. The firm has a market capitalization of $8.72 billion, a PE ratio of 38.23, a P/E/G ratio of 2.85 and a beta of 1.01. The company has a quick ratio of 0.77, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. CAE Inc has a 52-week low of $22.76 and a 52-week high of $34.24.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on CAE. Wall Street Zen downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Royal Bank Of Canada lowered their price objective on shares of CAE from $42.00 to $36.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 26th. Jefferies Financial Group reissued a “hold” rating on shares of CAE in a report on Thursday. National Bank Financial restated an “outperform” rating on shares of CAE in a research note on Friday, May 22nd. Finally, Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CAE has an average rating of “Hold” and an average target price of $31.00.
View Our Latest Stock Report on CAE
About CAE
CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.
In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.
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