Ontario Teachers Pension Plan Board Buys Shares of 67,770 CAE Inc. (NYSE:CAE)

Ontario Teachers Pension Plan Board bought a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,770 shares of the aerospace company’s stock, valued at approximately $1,272,000.

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 position in CAE in the second quarter valued at about $33,000. Cromwell Holdings LLC boosted its position in shares of CAE by 103.4% during the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock worth $34,000 after buying an additional 915 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of CAE by 86.2% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock worth $48,000 after buying an additional 1,100 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of CAE during the third quarter worth about $74,000. Finally, Lazard Asset Management LLC acquired a new position in shares of CAE during the first quarter worth about $77,000. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Stock Performance

CAE opened at $22.68 on Thursday. CAE Inc. has a 52-week low of $15.95 and a 52-week high of $22.83. The firm has a market capitalization of $7.23 billion, a PE ratio of -29.45, a PEG ratio of 1.61 and a beta of 1.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The business’s 50-day simple moving average is $18.88 and its 200 day simple moving average is $18.64.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CAE shares. Morgan Stanley cut CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

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.