Quantbot Technologies LP Has $743,000 Holdings in CAE Inc $CAE

Quantbot Technologies LP trimmed its holdings in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 48.2% during the third quarter, Holdings Channel.com reports. The fund owned 25,076 shares of the aerospace company’s stock after selling 23,363 shares during the quarter. Quantbot Technologies LP’s holdings in CAE were worth $743,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CAE. Brandes Investment Partners LP boosted its holdings in CAE by 4.4% in the 2nd quarter. Brandes Investment Partners LP now owns 14,803,106 shares of the aerospace company’s stock valued at $433,287,000 after purchasing an additional 628,848 shares during the period. Vanguard Group Inc. increased its holdings in shares of CAE by 4.1% during the third quarter. Vanguard Group Inc. now owns 13,151,527 shares of the aerospace company’s stock worth $389,430,000 after purchasing an additional 518,030 shares during the period. Select Equity Group L.P. raised its position in shares of CAE by 0.6% in the second quarter. Select Equity Group L.P. now owns 7,909,738 shares of the aerospace company’s stock valued at $231,350,000 after buying an additional 45,754 shares in the last quarter. Norges Bank acquired a new stake in shares of CAE in the second quarter valued at approximately $118,239,000. Finally, Bank of Nova Scotia boosted its stake in shares of CAE by 23.4% in the second quarter. Bank of Nova Scotia now owns 2,331,094 shares of the aerospace company’s stock valued at $68,299,000 after buying an additional 442,467 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Stock Performance

NYSE CAE opened at $29.64 on Friday. The firm’s 50 day simple moving average is $31.47 and its 200 day simple moving average is $29.05. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 3.50 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. CAE Inc has a 1 year low of $20.36 and a 1 year high of $34.24.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, February 12th. The aerospace company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. CAE had a net margin of 7.70% and a return on equity of 7.75%. The business had revenue of $911.78 million during the quarter, compared to the consensus estimate of $922.62 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CAE has been the topic of a number of analyst reports. Royal Bank Of Canada reduced their price target on CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Zacks Research raised CAE from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group reiterated a “hold” rating on shares of CAE in a research report on Sunday, February 15th. TD Securities reissued a “buy” rating on shares of CAE in a report on Tuesday, February 17th. Finally, Scotiabank restated an “outperform” rating on shares of CAE in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.33.

CAE Profile

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.