Quantbot Technologies LP Makes New Investment in CAE Inc $CAE

by · The Cerbat Gem

Quantbot Technologies LP purchased a new stake in CAE Inc (NYSE:CAE – Free Report) (TSE:CAE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 48,439 shares of the aerospace company’s stock, valued at approximately $1,418,000.

Other hedge funds have also recently bought and sold shares of the company. Employees Retirement System of Texas bought a new position in CAE in the 2nd quarter worth approximately $80,000. Bessemer Group Inc. boosted its position in CAE by 360.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,402 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 3,447 shares during the period. State of Wyoming grew its stake in shares of CAE by 39.4% in the first quarter. State of Wyoming now owns 8,431 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 2,385 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of CAE during the second quarter valued at about $236,000. Finally, PNC Financial Services Group Inc. lifted its holdings in CAE by 11.1% in the second quarter. PNC Financial Services Group Inc. now owns 8,510 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 851 shares during the period. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Stock Performance

CAE opened at $27.34 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.59 and a current ratio of 0.83. The company has a market cap of $8.79 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 2.07 and a beta of 1.19. The stock has a 50-day moving average of $27.50 and a 200-day moving average of $27.57. CAE Inc has a 52-week low of $20.36 and a 52-week high of $30.13.

CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last released its quarterly earnings results on Tuesday, November 11th. The aerospace company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CAE had a net margin of 8.98% and a return on equity of 7.60%. The company had revenue of $897.99 million during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that CAE Inc will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAE has been the topic of several research analyst reports. Zacks Research cut CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Scotiabank reaffirmed an “outperform” rating on shares of CAE in a report on Thursday, August 14th. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada reduced their price objective on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CAE in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Read Our Latest Analysis on CAE

About CAE

(Free Report)

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.

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