Oppenheimer Asset Management Inc. Has $395,000 Stock Position in CAE Inc. (NYSE:CAE)

Oppenheimer Asset Management Inc. boosted its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 26.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,074 shares of the aerospace company’s stock after purchasing an additional 4,370 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CAE were worth $395,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CAE. Ridgewood Investments LLC acquired a new stake in shares of CAE in the 2nd quarter valued at approximately $33,000. Cromwell Holdings LLC lifted its stake in CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 915 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of CAE by 86.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 1,100 shares during the period. Lazard Asset Management LLC acquired a new position in shares of CAE during the 1st quarter worth about $77,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of CAE in the 3rd quarter valued at about $74,000. 67.36% of the stock is currently owned by institutional investors.

CAE Stock Performance

NYSE:CAE opened at $22.47 on Wednesday. The stock has a 50 day simple moving average of $18.78 and a 200 day simple moving average of $18.61. The stock has a market cap of $7.16 billion, a P/E ratio of -29.18, a PEG ratio of 1.61 and a beta of 1.67. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $22.53. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

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

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.