Pinnacle Associates Ltd. lowered its holdings in Cae Inc (NYSE:CAE) (TSE:CAE) by 14.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 991,409 shares of the aerospace company’s stock after selling 168,510 shares during the quarter. Pinnacle Associates Ltd. owned 0.37% of CAE worth $12,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of CAE in the 4th quarter worth approximately $54,000. Sowell Financial Services LLC bought a new stake in shares of CAE in the 1st quarter worth approximately $33,000. Tower Research Capital LLC TRC lifted its position in shares of CAE by 796.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,906 shares of the aerospace company’s stock worth $77,000 after acquiring an additional 2,582 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of CAE in the 1st quarter worth approximately $41,000. Finally, Pacifica Partners Inc. bought a new stake in shares of CAE in the 4th quarter worth approximately $113,000. 49.67% of the stock is currently owned by hedge funds and other institutional investors.

CAE traded up $1.68 during trading on Wednesday, hitting $17.56. The company’s stock had a trading volume of 26,616 shares, compared to its average volume of 638,023. The firm’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $22.41. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 1.01. Cae Inc has a 12 month low of $9.80 and a 12 month high of $31.56. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.56 and a beta of 1.54.

Several research firms recently commented on CAE. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Investment Research downgraded CAE from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. CIBC upgraded CAE from a “neutral” rating to a “sector outperform” rating in a research report on Monday, April 13th. Canaccord Genuity began coverage on CAE in a research report on Friday, May 22nd. They set a “buy” rating and a $23.00 target price for the company. Finally, BMO Capital Markets cut their target price on CAE from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.57.

CAE Company Profile

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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