Stock Traders Buy High Volume of CAE Call Options (NYSE:CAE)

CAE Inc (NYSE:CAE) (TSE:CAE) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 9,627 call options on the stock. This represents an increase of approximately 3,782% compared to the average daily volume of 248 call options.

Hedge Funds Weigh In On CAE

A number of large investors have recently made changes to their positions in CAE. Millennium Management LLC purchased a new position in shares of CAE in the 1st quarter valued at about $4,170,000. Goldman Sachs Group Inc. increased its holdings in shares of CAE by 142.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,709,480 shares of the aerospace company’s stock valued at $42,036,000 after purchasing an additional 1,004,820 shares in the last quarter. United Services Automobile Association increased its holdings in shares of CAE by 4.5% in the 1st quarter. United Services Automobile Association now owns 10,822 shares of the aerospace company’s stock valued at $265,000 after purchasing an additional 462 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of CAE in the 2nd quarter valued at about $287,000. Finally, Marshall Wace LLP purchased a new position in shares of CAE in the 2nd quarter valued at about $3,655,000. Hedge funds and other institutional investors own 67.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CAE shares. Canaccord Genuity Group started coverage on shares of CAE in a research report on Friday, March 13th. They issued a “buy” rating for the company. National Bank Financial reiterated an “outperform” rating on shares of CAE in a research report on Friday, May 22nd. Stifel Nicolaus started coverage on shares of CAE in a research report on Wednesday, March 4th. They issued a “buy” rating for the company. Weiss Ratings downgraded shares of CAE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of CAE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

CAE Stock Performance

CAE stock traded up $0.76 during trading hours on Wednesday, reaching $26.24. 398,842 shares of the stock were exchanged, compared to its average volume of 822,503. The stock has a market cap of $8.43 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.95 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.77 and a current ratio of 0.96. CAE has a 52-week low of $22.76 and a 52-week high of $34.24. The firm’s 50 day moving average is $25.95 and its 200 day moving average is $28.49.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Thursday, May 21st. The aerospace company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $953.79 million during the quarter, compared to the consensus estimate of $924.83 million. CAE had a net margin of 6.36% and a return on equity of 7.45%. CAE’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. CAE has set its FY 2027 guidance at 0.880-0.930 EPS. Analysts predict that CAE will post 0.88 EPS for the current fiscal year.

About CAE

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.