Jupiter Asset Management Ltd. Invests $6.58 Million in CAE Inc $CAE

Jupiter Asset Management Ltd. acquired a new stake in CAE Inc (NYSE:CAE) (TSE:CAE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 225,040 shares of the aerospace company’s stock, valued at approximately $6,582,000.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in CAE during the second quarter worth about $3,035,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of CAE in the 2nd quarter worth about $826,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of CAE by 53.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 710,400 shares of the aerospace company’s stock valued at $20,834,000 after purchasing an additional 248,200 shares during the last quarter. Aviva PLC increased its position in CAE by 7.1% during the second quarter. Aviva PLC now owns 720,535 shares of the aerospace company’s stock worth $21,114,000 after buying an additional 47,859 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in CAE by 5.1% in the 2nd quarter. Metis Global Partners LLC now owns 16,517 shares of the aerospace company’s stock valued at $484,000 after purchasing an additional 799 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Down 4.1%

CAE stock opened at $26.31 on Friday. The firm’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $27.42. The stock has a market cap of $8.46 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. CAE Inc has a fifty-two week low of $20.36 and a fifty-two week high of $30.13.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $897.99 million during the quarter, compared to analyst estimates of $1.13 billion. CAE had a return on equity of 7.92% and a net margin of 8.70%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. As a group, sell-side analysts predict that CAE Inc will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAE shares. Royal Bank Of Canada decreased their price objective on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a report on Thursday. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a report on Thursday, August 14th. Jefferies Financial Group restated a “hold” rating and set a $30.00 price objective on shares of CAE in a report on Monday, July 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CAE in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.33.

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.