CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,900,000 shares, a drop of 18.6% from the February 13th total of 4,790,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 506,400 shares, the short-interest ratio is currently 7.7 days.

CAE Trading Up 0.4 %

CAE stock traded up $0.09 during midday trading on Thursday, hitting $24.64. 83,740 shares of the company’s stock were exchanged, compared to its average volume of 544,030. CAE has a one year low of $15.95 and a one year high of $27.62. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The company has a market cap of $7.89 billion, a PE ratio of -47.41, a price-to-earnings-growth ratio of 1.94 and a beta of 1.74. The stock’s fifty day moving average price is $24.34 and its 200-day moving average price is $21.94.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Thursday, February 13th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a positive return on equity of 6.11% and a negative net margin of 4.96%. Research analysts predict that CAE will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAE shares. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating in a report on Friday, March 7th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. The Goldman Sachs Group increased their price target on shares of CAE from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $32.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CAE. Nomura Holdings Inc. acquired a new stake in shares of CAE in the 4th quarter valued at approximately $201,771,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in CAE by 25.7% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 30,917,402 shares of the aerospace company’s stock worth $784,651,000 after purchasing an additional 6,313,165 shares during the period. Browning West LP acquired a new position in CAE during the fourth quarter worth approximately $150,629,000. Select Equity Group L.P. raised its stake in CAE by 427.1% in the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company’s stock valued at $171,093,000 after buying an additional 5,462,455 shares during the period. Finally, Norges Bank acquired a new stake in shares of CAE in the fourth quarter valued at approximately $98,436,000. Institutional investors own 67.36% of the company’s stock.

CAE Company 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.