CIBC Asset Management Inc reduced its stake in shares of CAE Inc (NYSE:CAE) (TSE:CAE) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,316 shares of the aerospace company’s stock after selling 1,714 shares during the period. CIBC Asset Management Inc’s holdings in CAE were worth $1,814,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new position in CAE during the first quarter valued at $138,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares in the last quarter. Trexquant Investment LP purchased a new position in CAE during the first quarter valued at $173,000. US Bancorp DE increased its position in CAE by 38.1% in the second quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock valued at $207,000 after buying an additional 3,311 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in CAE during the second quarter valued at $225,000. 56.69% of the stock is owned by institutional investors.

CAE Inc (CAE) opened at 17.13 on Wednesday. The stock has a market cap of $4.60 billion, a PE ratio of 23.24 and a beta of 0.86. CAE Inc has a 52 week low of $13.22 and a 52 week high of $17.88. The stock has a 50 day moving average price of $17.18 and a 200 day moving average price of $15.72.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $734.70 million during the quarter, compared to analyst estimates of $748.41 million. CAE had a return on equity of 13.96% and a net margin of 9.30%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, equities analysts predict that CAE Inc will post $0.86 earnings per share for the current year.

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Several research firms have weighed in on CAE. BidaskClub downgraded CAE from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, August 1st. Finally, TD Securities downgraded CAE from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. CAE has a consensus rating of “Hold” and a consensus target price of $19.14.

About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

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Institutional Ownership by Quarter for CAE (NYSE:CAE)

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