Stifel Financial Corp Raises Stake in CAE Inc. (NYSE:CAE)

Stifel Financial Corp boosted its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 47.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 99,802 shares of the aerospace company’s stock after purchasing an additional 32,344 shares during the period. Stifel Financial Corp’s holdings in CAE were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Ridgewood Investments LLC purchased a new position in CAE during the second quarter valued at approximately $33,000. Cromwell Holdings LLC increased its stake 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. Venturi Wealth Management LLC bought a new stake in shares of CAE in the third quarter worth about $74,000. Allworth Financial LP increased its position 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 period. Finally, US Bancorp DE grew its position in shares of CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after buying an additional 1,803 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CAE. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, CAE has a consensus rating of “Hold” and an average target price of $25.00.

CAE Stock Performance

NYSE CAE opened at $23.77 on Friday. The business’s 50 day moving average is $21.03 and its two-hundred day moving average is $19.14. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of -30.87, a PEG ratio of 1.73 and a beta of 1.74. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $24.02. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

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, 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.