CAE Inc. Ordinary Shares (NYSE:CAE).
Cgov Asset Management says it lowered its investment in CAE Inc. Ordinary Shares by 1,963,265 shares in its quarterly SEC filing. Its stake was worth $105,292,000 a decrease of 22.3% as of quarter end.
These firms have also modified their investment in CAE. As of quarter end Nexus Investment Management Inc. had disposed of 27,750 shares trimming its position 2.8%. The value of the investment in CAE Inc. Ordinary Shares went from $14,923,000 to $16,370,000 increasing 9.7% quarter to quarter. Creative Planning grew its stake by buying 100 shares an increase of 4.4% from 03/31/2017 to 06/30/2017. Creative Planning claims 2,368 shares worth $41,000. The total value of its holdings increased 17.1%.
Baird Financial Group, Inc. augmented its holdings by buying 3,484 shares an increase of 10.1% as of 03/31/2017. Baird Financial Group, Inc. controls 37,895 shares valued at $579,000. The value of the position overall is up by 20.4%.
On November 11 the company was downgraded from “” to “Sector Perform” in an announcement from RBC Capital. On May 27, 2016 the stock rating was changed to a “Outperform” according to a Macquarie report which is up from the previous “” rating.
On May 20 the stock rating was downgraded to “Market Perform” from “Outperform” in a report issued by BMO Capital. On February 12 the company was upgraded to “Outperform” from “Market Perform” by BMO Capital.
On January 4 the stock rating was upgraded to “Outperform” from “Sector Perform” in a statement from CIBC. On August 13 the stock rating was upgraded from “Hold” to “Buy” by analysts at Desjardins.
In the market the company is trading up since yesterday’s close of $17.56. The company also recently declared a dividend that was paid on Friday the 30th of June 2017. The dividend was $0.060 per share for the quarter or $0.24 annualized. This dividend represents a yield of $1.71. The ex-dividend date was set for Tuesday the 13th of June 2017.
Shares last traded at $17.76 a tad above the 50 day moving average of $16.33 and which is marginally higher than the 200 day moving average of $15.16. The 50 day moving average went up by +8.76% and the 200 day average was up $2.60.
The P/E ratio is 24.87 and the market cap is 4.77B. As of the latest earnings report the EPS was $0.71 and is estimated to be $0.83 for the current year with 268,405,000 shares outstanding. Next quarter’s EPS is forecasted at $0.18 with next year’s EPS projected to be $0.93.