Massachusetts Financial Services Co. MA Has $31.04 Million Holdings in CAE Inc. (NYSE:CAE)

Massachusetts Financial Services Co. MA cut its holdings in shares of CAE Inc. (NYSE:CAE) (TSE:CAE) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,223,076 shares of the aerospace company’s stock after selling 59,518 shares during the period. Massachusetts Financial Services Co. MA’s holdings in CAE were worth $31,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Inc acquired a new position in CAE during the fourth quarter valued at approximately $30,000. UniSuper Management Pty Ltd bought a new position in shares of CAE in the 4th quarter valued at $147,000. Allworth Financial LP raised its holdings in shares of CAE by 14.2% during the 4th quarter. Allworth Financial LP now owns 7,321 shares of the aerospace company’s stock worth $177,000 after buying an additional 913 shares in the last quarter. Centiva Capital LP bought a new stake in shares of CAE during the 3rd quarter worth $197,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in CAE in the fourth quarter valued at about $225,000. 67.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CAE shares. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating in a research note on Friday, March 7th. The Goldman Sachs Group boosted their price objective on CAE from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. StockNews.com downgraded CAE from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $43.00 price target on shares of CAE in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.00.

CAE Stock Down 8.7 %

CAE opened at $21.51 on Monday. CAE Inc. has a fifty-two week low of $15.95 and a fifty-two week high of $27.62. The firm has a market capitalization of $6.89 billion, a P/E ratio of -41.37, a PEG ratio of 1.94 and a beta of 1.39. The company’s 50-day moving average is $24.45 and its 200 day moving average is $22.53. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.86 and a quick ratio of 0.63.

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

CAE Company Profile

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.