35,294 Shares in CAE Inc. (NYSE:CAE) Purchased by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC acquired a new stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,294 shares of the aerospace company’s stock, valued at approximately $662,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brandes Investment Partners LP raised its holdings in shares of CAE by 103.8% during the second quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after buying an additional 5,640,269 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of CAE in the 2nd quarter valued at $82,597,000. National Bank of Canada FI increased its stake in CAE by 36.4% in the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock worth $101,559,000 after purchasing an additional 1,466,880 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CAE by 67.9% during the second quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock valued at $30,176,000 after acquiring an additional 657,227 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of CAE by 17.1% in the first quarter. Clearbridge Investments LLC now owns 3,710,044 shares of the aerospace company’s stock valued at $76,575,000 after purchasing an additional 541,066 shares in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CAE Stock Performance

NYSE:CAE opened at $18.57 on Friday. The firm’s 50-day moving average is $18.16 and its 200-day moving average is $18.58. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.61 and a current ratio of 0.89. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $23.24. The company has a market cap of $5.92 billion, a price-to-earnings ratio of -25.78, a PEG ratio of 1.33 and a beta of 1.67.

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 the consensus estimate of $0.20 by $0.01. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. CAE’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Equities research analysts anticipate that CAE Inc. will post 0.86 earnings per share for the current 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.