Quantinno Capital Management LP Sells 3,632 Shares of CAE Inc. (NYSE:CAE)

Quantinno Capital Management LP cut its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 16.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,740 shares of the aerospace company’s stock after selling 3,632 shares during the quarter. Quantinno Capital Management LP’s holdings in CAE were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAE. Ridgewood Investments LLC purchased a new stake in shares of CAE in the second quarter worth $33,000. Cromwell Holdings LLC boosted its holdings 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 buying an additional 915 shares during the period. Venturi Wealth Management LLC bought a new stake in CAE during the third quarter valued at about $74,000. Allworth Financial LP lifted its position in shares of CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock valued at $120,000 after acquiring an additional 1,327 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of CAE by 28.9% in 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 period. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAE has been the topic of several recent analyst reports. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, CAE presently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Stock Performance

NYSE:CAE opened at $23.28 on Monday. The firm has a market capitalization of $7.42 billion, a PE ratio of -30.23, a PEG ratio of 1.73 and a beta of 1.74. The stock’s fifty day moving average is $20.64 and its 200 day moving average is $19.02. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $24.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84.

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.