Gilder Gagnon Howe & Co. LLC Sells 424,203 Shares of CAE Inc. (NYSE:CAE)

Gilder Gagnon Howe & Co. LLC decreased its holdings in shares of CAE Inc. (NYSE:CAEFree Report) (TSE:CAE) by 23.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,384,832 shares of the aerospace company’s stock after selling 424,203 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.44% of CAE worth $29,899,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hillsdale Investment Management Inc. grew its stake in CAE by 45.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after buying an additional 500 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of CAE by 3,712.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,783 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 2,710 shares in the last quarter. Pacifica Partners Inc. raised its position in shares of 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 purchasing an additional 793 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in CAE by 24.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,063 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in CAE during the 4th quarter worth approximately $197,000. Institutional investors own 67.36% of the company’s stock.

CAE Stock Down 1.9 %

CAE stock traded down $0.36 during midday trading on Thursday, hitting $18.24. The company’s stock had a trading volume of 327,061 shares, compared to its average volume of 590,118. The firm has a 50-day simple moving average of $19.44 and a 200-day simple moving average of $20.00. The firm has a market capitalization of $5.81 billion, a P/E ratio of -25.36, a PEG ratio of 1.41 and a beta of 1.66. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. CAE Inc. has a 52-week low of $17.40 and a 52-week high of $25.04.

CAE (NYSE:CAEGet Free Report) (TSE:CAE) last released its earnings results on Monday, May 27th. The aerospace company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.16). The firm had revenue of $835.47 million for 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 in the previous year, the company posted $0.26 earnings per share. As a group, equities analysts forecast that CAE Inc. will post 0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

CAE has been the topic of several research analyst reports. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Canaccord Genuity Group downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. StockNews.com cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. The Goldman Sachs Group increased their price objective on shares of CAE from $25.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Canaccord Genuity Group restated a “hold” rating on shares of CAE in a research report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.00.

Check Out Our Latest Research Report 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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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