Atria Investments Inc Purchases 20,843 Shares of CAE Inc. (NYSE:CAE)

Atria Investments Inc raised its position in CAE Inc. (NYSE:CAE) (TSE:CAE) by 100.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,552 shares of the aerospace company’s stock after buying an additional 20,843 shares during the period. Atria Investments Inc’s holdings in CAE were worth $779,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CAE. Pembroke Management LTD increased its position in shares of CAE by 17.1% during the third quarter. Pembroke Management LTD now owns 23,461 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 3,420 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of CAE by 14.2% during the 3rd quarter. New York State Common Retirement Fund now owns 1,325,875 shares of the aerospace company’s stock worth $24,860,000 after purchasing an additional 165,022 shares during the period. US Bancorp DE boosted its holdings in shares of CAE by 28.9% in the 3rd quarter. US Bancorp DE now owns 8,052 shares of the aerospace company’s stock worth $151,000 after buying an additional 1,803 shares during the last quarter. Pinnacle Associates Ltd. grew its position in CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock valued at $16,399,000 after buying an additional 32,328 shares during the period. Finally, Galibier Capital Management Ltd. raised its position in CAE by 9.9% in the third quarter. Galibier Capital Management Ltd. now owns 1,088,488 shares of the aerospace company’s stock worth $20,457,000 after acquiring an additional 97,876 shares during the period. Institutional investors own 67.36% of the company’s stock.

CAE Stock Up 2.3 %

CAE opened at $22.26 on Tuesday. The company has a 50 day moving average of $18.69 and a 200 day moving average of $18.59. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 0.62. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $22.34. The company has a market cap of $7.09 billion, a PE ratio of -28.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67.

Analyst Ratings Changes

A number of research firms have recently weighed in on CAE. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. StockNews.com raised CAE from a “hold” rating to a “buy” rating in a report on Thursday, November 14th. Finally, Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, CAE has an average rating of “Hold” and a consensus price target of $25.00.

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, 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.