Nebula Research & Development LLC Sells 3,939 Shares of CAE Inc. (NYSE:CAE)

Nebula Research & Development LLC trimmed its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,204 shares of the aerospace company’s stock after selling 3,939 shares during the period. Nebula Research & Development LLC’s holdings in CAE were worth $817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in CAE in the fourth quarter valued at about $98,436,000. First Eagle Investment Management LLC acquired a new stake in shares of CAE in the fourth quarter valued at about $24,207,000. Capital International Investors raised its stake in shares of CAE by 80.3% during the 4th quarter. Capital International Investors now owns 1,657,584 shares of the aerospace company’s stock worth $42,090,000 after purchasing an additional 738,361 shares in the last quarter. Intact Investment Management Inc. bought a new position in shares of CAE in the fourth quarter valued at $13,763,000. Finally, American Century Companies Inc. increased its holdings in CAE by 23.5% during the fourth quarter. American Century Companies Inc. now owns 2,627,397 shares of the aerospace company’s stock worth $66,715,000 after buying an additional 500,702 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

CAE Price Performance

CAE stock opened at $24.43 on Monday. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of -46.98, a PEG ratio of 1.94 and a beta of 1.39. The stock’s 50 day moving average is $23.99 and its 200-day moving average is $23.06. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CAE shares. StockNews.com raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Saturday, April 12th. TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America raised CAE from an “underperform” rating to a “neutral” rating in a research report on Friday, March 7th. The Goldman Sachs Group boosted their target price on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, National Bank Financial downgraded CAE from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.00.

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.