The Manufacturers Life Insurance Company Sells 18,891 Shares of CAE Inc. (NYSE:CAE)

The Manufacturers Life Insurance Company trimmed its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 2.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 705,869 shares of the aerospace company’s stock after selling 18,891 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in CAE were worth $13,260,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ridgewood Investments LLC purchased a new stake in shares of CAE in the second quarter valued at $33,000. Cromwell Holdings LLC raised its position in CAE by 103.4% in the 3rd quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 915 shares during the period. Lazard Asset Management LLC bought a new stake in CAE in the first quarter worth about $77,000. Venturi Wealth Management LLC purchased a new position in shares of CAE during the third quarter valued at approximately $74,000. Finally, Allworth Financial LP grew its stake in shares of CAE by 26.1% during the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after buying an additional 1,327 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

CAE opened at $23.59 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $19.64 and its 200-day simple moving average is $18.73. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of -30.68, a PEG ratio of 1.72 and a beta of 1.67. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $24.02.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAE. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

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.