CAE Inc. (NYSE:CAE) is Nexus Investment Management ULC’s 7th Largest Position

Nexus Investment Management ULC cut its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,483,125 shares of the aerospace company’s stock after selling 3,865 shares during the quarter. CAE makes up approximately 3.8% of Nexus Investment Management ULC’s holdings, making the stock its 7th biggest position. Nexus Investment Management ULC owned about 0.47% of CAE worth $37,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in CAE by 2.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 33,517 shares of the aerospace company’s stock worth $632,000 after buying an additional 871 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of CAE during the second quarter worth about $310,000. Envestnet Asset Management Inc. grew its position in shares of CAE by 22.1% during the second quarter. Envestnet Asset Management Inc. now owns 199,281 shares of the aerospace company’s stock worth $3,703,000 after purchasing an additional 36,084 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in CAE by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 922,622 shares of the aerospace company’s stock valued at $17,145,000 after purchasing an additional 114,229 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in CAE in the 2nd quarter worth approximately $230,000. 67.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Desjardins upgraded CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Price Performance

Shares of CAE stock opened at $24.14 on Friday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of -31.36, a price-to-earnings-growth ratio of 1.76 and a beta of 1.72. 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 stock has a 50 day moving average price of $23.44 and a 200-day moving average price of $19.98. CAE Inc. has a one year low of $15.95 and a one year high of $25.53.

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.