Freedom Investment Management Inc. Sells 2,503 Shares of CAE Inc. (NYSE:CAE)

Freedom Investment Management Inc. lessened its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 12.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,354 shares of the aerospace company’s stock after selling 2,503 shares during the quarter. Freedom Investment Management Inc.’s holdings in CAE were worth $440,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Asset Planning Inc bought a new position in shares of CAE in the 4th quarter valued at about $30,000. UniSuper Management Pty Ltd bought a new position in CAE during the fourth quarter worth about $147,000. Allworth Financial LP increased its position in CAE by 14.2% during the fourth quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in CAE during the fourth quarter worth approximately $225,000. Finally, US Bancorp DE raised its stake in CAE by 10.4% in the fourth quarter. US Bancorp DE now owns 8,887 shares of the aerospace company’s stock valued at $226,000 after buying an additional 835 shares during the period. Institutional investors and hedge funds own 67.36% of the company’s stock.

CAE Price Performance

Shares of CAE opened at $23.43 on Monday. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of -45.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.39. The business has a 50-day moving average of $24.15 and a 200-day moving average of $22.86. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63. CAE Inc. has a 1 year low of $15.95 and a 1 year high of $27.62.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, February 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. As a group, equities research analysts anticipate that CAE Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CAE shares. National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Monday, December 23rd. 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 report on Tuesday, February 18th. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Saturday, April 12th. Finally, Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.00.

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.