Aigen Investment Management LP Has $581,000 Stake in CAE Inc. (NYSE:CAE)

Aigen Investment Management LP increased its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 68.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 30,955 shares of the aerospace company’s stock after purchasing an additional 12,619 shares during the quarter. Aigen Investment Management LP’s holdings in CAE were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAE. Ridgewood Investments LLC acquired a new stake in shares of CAE during the second quarter worth $33,000. Cromwell Holdings LLC raised 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position 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 purchasing an additional 1,100 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of CAE during the third quarter worth approximately $74,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of CAE in the first quarter valued at approximately $77,000. 67.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CAE. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. Finally, StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.00.

CAE Price Performance

Shares of CAE stock opened at $21.55 on Thursday. The business has a fifty day simple moving average of $18.44 and a 200 day simple moving average of $18.55. The company has a market cap of $6.87 billion, a P/E ratio of -27.99, a P/E/G ratio of 1.43 and a beta of 1.67. The company has a quick ratio of 0.61, a current ratio of 0.89 and a debt-to-equity ratio of 0.67. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $23.24.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. CAE had a negative net margin of 7.49% and a positive return on equity of 5.78%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, sell-side analysts forecast that CAE Inc. will post 0.85 EPS for the current fiscal year.

CAE 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.