Lincluden Management Ltd Lowers stake in CAE (USA) (CAE)

CAE (USA) (CAE) : Lincluden Management Ltd reduced its stake in CAE (USA) by 58.83% during the most recent quarter end. The investment management company now holds a total of 79,870 shares of CAE (USA) which is valued at $936,076 after selling 114,130 shares in CAE (USA) , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.CAE (USA) makes up approximately 0.15% of Lincluden Management Ltd’s portfolio.

CAE (USA) opened for trading at $11.81 and hit $11.91 on the upside on Wednesday, eventually ending the session at $11.85, with a gain of 0.77% or 0.09 points. The heightened volatility saw the trading volume jump to 24,905 shares. Company has a market cap of $3,199 M.

Other Hedge Funds, Including , Proficio Capital Partners reduced its stake in CAE by selling 328 shares or 66.8% in the most recent quarter. The Hedge Fund company now holds 163 shares of CAE which is valued at $1,850.Nexus Investment Management reduced its stake in CAE by selling 1,900 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 927,475 shares of CAE which is valued at $10,526,841. CAE (USA) makes up approx 2.00% of Nexus Investment Management’s portfolio.Eqis Capital Management boosted its stake in CAE in the latest quarter, The investment management firm added 768 additional shares and now holds a total of 17,767 shares of CAE (USA) which is valued at $201,655. CAE (USA) makes up approx 0.01% of Eqis Capital Management’s portfolio.

On the company’s financial health, CAE (USA) reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.21. The company had revenue of $616.30 million for the quarter, compared to analysts expectations of $624.77 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

CAE Inc. provides training for the civil aviation defense and security and healthcare markets. The Company designs and integrates training solutions. The Company operates through three segments: Civil Aviation Training Solutions Defense and Security and Healthcare. It provides integrated training solutions to three markets such as the civil aviation market which includes aircraft manufacturers commercial airlines regional airlines business aircraft operators civil helicopter operators third-party training centers flight training organizations maintenance repair and overhaul organizations and aircraft finance leasing companies; the defense and security market which includes defense forces original equipment manufacturers (OEMs) government agencies and public safety organizations and the healthcare market which includes hospital and university simulation centers medical and nursing schools paramedic organizations defense forces medical societies and OEMs.

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