CAE Inc. (NYSE:CAE) Shares Purchased by IHT Wealth Management LLC

IHT Wealth Management LLC grew its position in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,690 shares of the aerospace company’s stock after acquiring an additional 802 shares during the quarter. IHT Wealth Management LLC’s holdings in CAE were worth $425,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brandes Investment Partners LP boosted its stake in CAE by 103.8% during the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after purchasing an additional 5,640,269 shares during the period. Earnest Partners LLC bought a new position in CAE in the 2nd quarter worth approximately $82,597,000. National Bank of Canada FI increased its position 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 valued at $101,559,000 after acquiring an additional 1,466,880 shares during the period. American Century Companies Inc. increased its position in CAE by 67.9% in the 2nd 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, JARISLOWSKY FRASER Ltd raised its stake in CAE by 1.3% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 22,249,466 shares of the aerospace company’s stock valued at $413,168,000 after acquiring an additional 284,768 shares in the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Stock Performance

NYSE:CAE opened at $23.51 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $20.17 and a 200-day moving average of $18.86. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $24.02. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of -30.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CAE shares. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 16th. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, CAE has an average rating of “Hold” and a consensus target price of $25.00.

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, 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.