Allworth Financial LP Raises Holdings in CAE Inc. (NYSE:CAE)

Allworth Financial LP lifted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 14.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,321 shares of the aerospace company’s stock after acquiring an additional 913 shares during the period. Allworth Financial LP’s holdings in CAE were worth $177,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Asset Planning Inc purchased a new stake in shares of CAE during the fourth quarter worth about $30,000. Cromwell Holdings LLC grew its stake in shares of CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after acquiring an additional 915 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of CAE during the third quarter worth about $74,000. US Bancorp DE grew its stake in shares of CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of CAE during the third quarter worth about $197,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Trading Down 3.7 %

Shares of NYSE:CAE opened at $24.56 on Friday. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a market capitalization of $7.85 billion, a PE ratio of -47.22, a PEG ratio of 1.94 and a beta of 1.72. The business has a 50 day moving average of $24.30 and a two-hundred day moving average of $21.07. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CAE. TD Securities lowered CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research report on Wednesday. National Bank Financial lowered CAE from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

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.