Cae Inc (CAE) Position Reduced by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lessened its stake in Cae Inc (NYSE:CAE) (TSE:CAE) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,112,400 shares of the aerospace company’s stock after selling 1,182,323 shares during the period. CAE comprises approximately 2.9% of Mondrian Investment Partners LTD’s portfolio, making the stock its 7th largest position. Mondrian Investment Partners LTD owned 1.17% of CAE worth $92,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAE. 1832 Asset Management L.P. lifted its position in CAE by 1,472.5% in the fourth quarter. 1832 Asset Management L.P. now owns 3,527,874 shares of the aerospace company’s stock valued at $65,084,000 after acquiring an additional 3,303,530 shares during the last quarter. Norges Bank purchased a new stake in CAE in the fourth quarter valued at $53,355,000. Mackenzie Financial Corp lifted its position in CAE by 19.0% in the fourth quarter. Mackenzie Financial Corp now owns 10,827,586 shares of the aerospace company’s stock valued at $198,686,000 after acquiring an additional 1,731,694 shares during the last quarter. FMR LLC lifted its position in CAE by 95.6% in the fourth quarter. FMR LLC now owns 2,590,185 shares of the aerospace company’s stock valued at $47,602,000 after acquiring an additional 1,265,885 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in CAE in the third quarter valued at $23,534,000. 49.64% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on CAE shares. Zacks Investment Research raised shares of CAE from a “sell” rating to a “hold” rating in a report on Tuesday. National Bank Financial cut shares of CAE from an “outperform” rating to a “sector perform” rating in a report on Friday, April 26th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of CAE in a report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. CAE currently has an average rating of “Hold” and an average target price of $29.10.

Shares of CAE opened at $23.17 on Friday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.18 and a beta of 0.95. Cae Inc has a twelve month low of $16.96 and a twelve month high of $23.64. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.47.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings results on Friday, February 8th. The aerospace company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). The business had revenue of $816.00 million during the quarter, compared to analyst estimates of $774.68 million. CAE had a net margin of 10.07% and a return on equity of 13.27%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities analysts anticipate that Cae Inc will post 0.9 EPS for the current year.

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About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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