Public Employees Retirement System of Ohio Makes New $4.86 Million Investment in CAE Inc. (NYSE:CAE)

Public Employees Retirement System of Ohio bought a new stake in CAE Inc. (NYSE:CAE) (TSE:CAE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 258,451 shares of the aerospace company’s stock, valued at approximately $4,857,000. Public Employees Retirement System of Ohio owned about 0.08% of CAE as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ridgewood Investments LLC acquired a new stake in CAE in the second quarter valued at about $33,000. Cromwell Holdings LLC grew its position in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 915 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in CAE during the 3rd quarter valued at $74,000. Allworth Financial LP increased its position in CAE by 26.1% during the 3rd quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company’s stock worth $120,000 after purchasing an additional 1,327 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of CAE by 28.9% during the third 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 in the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.

CAE Trading Down 0.7 %

NYSE:CAE opened at $23.28 on Friday. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of -30.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.59 and a current ratio of 0.84. The business’s 50-day simple moving average is $20.64 and its 200 day simple moving average is $19.02. CAE Inc. has a one year low of $15.95 and a one year high of $24.02.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com upgraded CAE from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

CAE 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.