Assenagon Asset Management S.A. Acquires 4,621 Shares of CAE Inc. (NYSE:CAE)

Assenagon Asset Management S.A. boosted its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 15.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,901 shares of the aerospace company’s stock after buying an additional 4,621 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CAE were worth $637,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of CAE by 80.3% during the 1st quarter. Principal Financial Group Inc. now owns 26,500 shares of the aerospace company’s stock worth $548,000 after acquiring an additional 11,800 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in CAE by 5.4% during the first quarter. Sequoia Financial Advisors LLC now owns 24,109 shares of the aerospace company’s stock valued at $498,000 after purchasing an additional 1,239 shares during the last quarter. Tobam raised its position in shares of CAE by 193.3% in the first quarter. Tobam now owns 12,777 shares of the aerospace company’s stock valued at $264,000 after purchasing an additional 8,421 shares during the period. Henry James International Management Inc. lifted its stake in shares of CAE by 16.0% in the first quarter. Henry James International Management Inc. now owns 210,400 shares of the aerospace company’s stock worth $4,343,000 after buying an additional 28,991 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of CAE by 86.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after buying an additional 1,100 shares during the period. 67.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on CAE shares. Morgan Stanley lowered shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, CAE presently has an average rating of “Hold” and an average target price of $28.00.

CAE Stock Up 2.0 %

NYSE CAE opened at $17.95 on Friday. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $23.24. The stock has a market cap of $5.72 billion, a PE ratio of -23.62, a PEG ratio of 1.39 and a beta of 1.67. The firm has a 50-day simple moving average of $18.22 and a 200 day simple moving average of $18.53. 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 data on Tuesday, August 13th. The aerospace company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. On average, research analysts forecast that CAE Inc. will post 0.85 EPS for the current year.

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.