O Shaughnessy Asset Management LLC lifted its position in Cae Inc (NYSE:CAE) (TSE:CAE) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,973 shares of the aerospace company’s stock after acquiring an additional 30,635 shares during the period. O Shaughnessy Asset Management LLC’s holdings in CAE were worth $12,415,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. RNC Capital Management LLC acquired a new stake in CAE during the 2nd quarter worth approximately $208,000. Tower Research Capital LLC TRC raised its holdings in CAE by 3,246.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,641 shares of the aerospace company’s stock worth $222,000 after buying an additional 10,323 shares during the period. CLARET ASSET MANAGEMENT Corp acquired a new stake in CAE during the 3rd quarter worth approximately $311,000. Global Financial Private Capital LLC acquired a new stake in CAE during the 2nd quarter worth approximately $371,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in CAE during the 2nd quarter worth approximately $510,000. Institutional investors and hedge funds own 49.03% of the company’s stock.
Shares of CAE stock opened at $18.46 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.42. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.94 and a beta of 0.79. Cae Inc has a 52 week low of $16.84 and a 52 week high of $21.70.
Several analysts have commented on CAE shares. Zacks Investment Research upgraded shares of CAE from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, October 16th. ValuEngine upgraded shares of CAE from a “hold” rating to a “buy” rating in a report on Friday, September 7th.
WARNING: This article was published by WKRB News and is the property of of WKRB News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.wkrb13.com/2018/11/10/o-shaughnessy-asset-management-llc-has-12-42-million-position-in-cae-inc-cae.html.
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
See Also: What is the S&P 500 Index?
Want to see what other hedge funds are holding CAE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cae Inc (NYSE:CAE) (TSE:CAE).
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.