Auxier Asset Management Has $797,000 Stake in CAE Inc. (NYSE:CAE)

Auxier Asset Management boosted its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,935 shares of the aerospace company’s stock after purchasing an additional 6,000 shares during the quarter. Auxier Asset Management’s holdings in CAE were worth $797,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CAE. CIBC Asset Management Inc boosted its holdings in CAE by 21.3% during the 4th quarter. CIBC Asset Management Inc now owns 681,156 shares of the aerospace company’s stock worth $14,749,000 after acquiring an additional 119,411 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in CAE by 12.9% during the third quarter. Clearbridge Investments LLC now owns 4,717,835 shares of the aerospace company’s stock worth $110,161,000 after purchasing an additional 538,838 shares during the last quarter. Mackenzie Financial Corp grew its position in CAE by 6.7% in the 4th quarter. Mackenzie Financial Corp now owns 33,315,745 shares of the aerospace company’s stock worth $719,443,000 after purchasing an additional 2,083,595 shares in the last quarter. Norges Bank purchased a new stake in CAE in the 4th quarter valued at about $74,413,000. Finally, Pacifica Partners Inc. increased its stake in CAE by 24.6% in the 4th quarter. Pacifica Partners Inc. now owns 4,013 shares of the aerospace company’s stock valued at $81,000 after buying an additional 793 shares during the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Trading Down 1.3 %

Shares of NYSE CAE opened at $18.03 on Friday. The business has a 50-day simple moving average of $19.37 and a two-hundred day simple moving average of $19.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.85. CAE Inc. has a 52 week low of $17.40 and a 52 week high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Monday, May 27th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The business had revenue of $835.47 million during the quarter, compared to analysts’ expectations of $863.18 million. CAE had a positive return on equity of 6.10% and a negative net margin of 6.97%. During the same quarter last year, the business posted $0.26 EPS. On average, equities analysts predict that CAE Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CAE. Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research note on Wednesday, May 22nd. Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Desjardins lowered CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. The Goldman Sachs Group boosted their price target on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Jefferies Financial Group assumed coverage on shares of CAE in a report on Thursday, June 6th. They set a “hold” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $32.00.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.