CAE Inc. (NYSE:CAE) Short Interest Update

CAE Inc. (NYSE:CAE) (TSE:CAE) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 2,280,000 shares, a drop of 8.8% from the March 31st total of 2,500,000 shares. Based on an average trading volume of 605,800 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CAE. Scotiabank lowered shares of CAE from a “sector outperform” rating to a “sector perform” rating in a report on Monday, January 22nd. The Goldman Sachs Group increased their price objective on shares of CAE from $25.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Institutional Investors Weigh In On CAE

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of CAE in the 3rd quarter valued at $349,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CAE by 2.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,638 shares of the aerospace company’s stock worth $3,017,000 after purchasing an additional 3,200 shares in the last quarter. Steph & Co. lifted its position in shares of CAE by 42.8% during the third quarter. Steph & Co. now owns 9,448 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 2,832 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of CAE by 90.5% in the third quarter. CIBC Asset Management Inc now owns 561,745 shares of the aerospace company’s stock valued at $13,155,000 after purchasing an additional 266,927 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of CAE by 678.3% in the third quarter. Allworth Financial LP now owns 1,541 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,343 shares in the last quarter. 67.36% of the stock is owned by hedge funds and other institutional investors.

CAE Trading Up 1.7 %

Shares of CAE stock traded up $0.32 during mid-day trading on Monday, hitting $19.36. The stock had a trading volume of 657,487 shares, compared to its average volume of 553,552. The firm has a 50-day moving average of $19.52 and a two-hundred day moving average of $20.37. The firm has a market cap of $6.16 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 1.43 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 has a 12-month low of $18.26 and a 12-month high of $25.04.

CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Wednesday, February 14th. The aerospace company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $804.01 million for the quarter, compared to the consensus estimate of $807.13 million. CAE had a return on equity of 7.52% and a net margin of 6.20%. Sell-side analysts forecast that CAE will post 0.85 earnings per share for the current year.

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.