CAE Inc. (NYSE:CAE) Short Interest Up 23.8% in March

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,500,000 shares, an increase of 23.8% from the March 15th total of 2,020,000 shares. Based on an average daily volume of 546,200 shares, the short-interest ratio is presently 4.6 days. Approximately 0.8% of the shares of the company are sold short.

CAE Price Performance

CAE stock traded down $0.30 on Monday, reaching $19.13. 576,602 shares of the company’s stock were exchanged, compared to its average volume of 541,436. The stock has a fifty day moving average of $19.76 and a 200-day moving average of $20.66. CAE has a twelve month low of $18.26 and a twelve month high of $25.04. The firm has a market cap of $6.09 billion, a PE ratio of 29.89, a P/E/G ratio of 1.45 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 0.90 and a debt-to-equity ratio of 0.55.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Wednesday, February 14th. The aerospace company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. CAE had a return on equity of 7.52% and a net margin of 6.20%. The firm had revenue of $804.01 million for the quarter, compared to analyst estimates of $807.13 million. As a group, equities analysts predict that CAE will post 0.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its position in CAE by 142.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,202 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 707 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in CAE during the third quarter worth $29,000. Hillsdale Investment Management Inc. boosted its position in CAE by 45.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,600 shares of the aerospace company’s stock worth $35,000 after purchasing an additional 500 shares in the last quarter. Allworth Financial LP boosted its position in CAE by 678.3% during the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,343 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in CAE by 85.5% during the third quarter. EverSource Wealth Advisors LLC now owns 2,029 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 935 shares in the last quarter. Institutional investors and hedge funds own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CAE. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. Scotiabank lowered CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.