XTX Topco Ltd Takes $275,000 Position in CAE Inc. (NYSE:CAE)

XTX Topco Ltd bought a new position in CAE Inc. (NYSE:CAE) (TSE:CAE) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,799 shares of the aerospace company’s stock, valued at approximately $275,000.

Several other large investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of CAE by 142.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares during the last quarter. Confluence Investment Management LLC increased its holdings in shares of CAE by 3.5% in the second quarter. Confluence Investment Management LLC now owns 25,098 shares of the aerospace company’s stock worth $466,000 after purchasing an additional 857 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of CAE by 2.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after purchasing an additional 871 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of CAE by 11.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 10,162 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of CAE by 86.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,100 shares during the last quarter. 67.36% of the stock is owned by institutional investors.

CAE Trading Down 0.1 %

CAE opened at $18.49 on Friday. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -25.68, a P/E/G ratio of 1.31 and a beta of 1.67. The stock’s 50 day moving average price is $17.67 and its 200-day moving average price is $18.79. CAE Inc. has a one year low of $15.95 and a one year high of $23.62. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. CAE’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, equities analysts forecast that CAE Inc. will post 0.86 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Finally, Jefferies Financial Group assumed coverage on CAE in a research note on Thursday, June 6th. They set a “hold” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, CAE currently has a consensus rating of “Hold” and an average price target of $28.00.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.