CAE Inc. (NYSE:CAE) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 15.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,496 shares of the aerospace company’s stock after selling 5,405 shares during the period. Assenagon Asset Management S.A.’s holdings in CAE were worth $723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after purchasing an additional 77,489 shares during the last quarter. Clearline Capital LP acquired a new stake in CAE in the 2nd quarter valued at about $2,290,000. Intech Investment Management LLC acquired a new position in CAE during the third quarter worth about $2,432,000. Pinnacle Associates Ltd. raised its position in CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after acquiring an additional 32,328 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of CAE by 8.2% in the third quarter. Geode Capital Management LLC now owns 1,356,182 shares of the aerospace company’s stock valued at $25,218,000 after purchasing an additional 103,081 shares during the last quarter. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

CAE Trading Down 0.2 %

Shares of CAE stock opened at $24.31 on Friday. CAE Inc. has a 1-year low of $15.95 and a 1-year high of $25.53. The firm’s 50-day simple moving average is $23.80 and its 200-day simple moving average is $20.16. The firm has a market cap of $7.77 billion, a P/E ratio of -31.56, a PEG ratio of 1.81 and a beta of 1.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59.

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.