Massachusetts Financial Services Co. MA Sells 19,453 Shares of CAE Inc. (NYSE:CAE)

Massachusetts Financial Services Co. MA lowered its holdings in CAE Inc. (NYSE:CAE) (TSE:CAE) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,282,594 shares of the aerospace company’s stock after selling 19,453 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.40% of CAE worth $24,049,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CAE. Brandes Investment Partners LP raised its holdings in shares of CAE by 103.8% in the 2nd quarter. Brandes Investment Partners LP now owns 11,071,485 shares of the aerospace company’s stock valued at $206,027,000 after purchasing an additional 5,640,269 shares in the last quarter. Earnest Partners LLC bought a new stake in shares of CAE in the 2nd quarter valued at about $82,597,000. National Bank of Canada FI raised its holdings in shares of CAE by 36.4% in the 2nd quarter. National Bank of Canada FI now owns 5,498,732 shares of the aerospace company’s stock valued at $101,559,000 after purchasing an additional 1,466,880 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CAE by 67.9% in the 2nd quarter. American Century Companies Inc. now owns 1,624,656 shares of the aerospace company’s stock valued at $30,176,000 after purchasing an additional 657,227 shares in the last quarter. Finally, AMF Tjanstepension AB grew its position in shares of CAE by 110.7% in the 2nd quarter. AMF Tjanstepension AB now owns 619,950 shares of the aerospace company’s stock worth $11,512,000 after buying an additional 325,774 shares during the last quarter. Institutional investors own 67.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. 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 shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley downgraded shares of CAE from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, CAE has an average rating of “Hold” and an average target price of $25.00.

CAE Stock Up 1.7 %

NYSE:CAE opened at $23.30 on Tuesday. The company has a market cap of $7.42 billion, a PE ratio of -30.26, a P/E/G ratio of 1.68 and a beta of 1.67. CAE Inc. has a twelve month low of $15.95 and a twelve month high of $23.46. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $19.20 and its two-hundred day moving average is $18.67.

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.