Cidel Asset Management Inc buys $42,331,954 stake in CAE (USA) (CAE)

CAE (USA) (CAE) : Cidel Asset Management Inc scooped up 21,110 additional shares in CAE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 3,219,160 shares of CAE (USA) which is valued at $42,331,954.CAE (USA) makes up approximately 2.39% of Cidel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in CAE in the latest quarter, The investment management firm added 15,383 additional shares and now holds a total of 2,464,667 shares of CAE (USA) which is valued at $32,410,371. CAE (USA) makes up approx 0.09% of Great West Life Assurance Co Can’s portfolio.Agf Investments boosted its stake in CAE in the latest quarter, The investment management firm added 46,782 additional shares and now holds a total of 758,915 shares of CAE (USA) which is valued at $9,979,732. CAE (USA) makes up approx 0.11% of Agf Investments’s portfolio. Cribstone Capital Management added CAE to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,299.Hall Laurie J Trustee boosted its stake in CAE in the latest quarter, The investment management firm added 490 additional shares and now holds a total of 930 shares of CAE (USA) which is valued at $11,960. CAE (USA) makes up approx 0.01% of Hall Laurie J Trustee’s portfolio.

CAE (USA) opened for trading at $13.23 and hit $13.36 on the upside on Monday, eventually ending the session at $13.33, with a gain of 0.91% or 0.12 points. The heightened volatility saw the trading volume jump to 30,877 shares. Company has a market cap of $3,589 M.

On the company’s financial health, CAE (USA) reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 10, 2016. Analyst had a consensus of $0.20. The company had revenue of $651.60 million for the quarter, compared to analysts expectations of $626.71 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on CAE (USA). CAE (USA) was Upgraded by Macquarie to ” Outperform” on May 27, 2016. CAE (USA) was Upgraded by National Bank Financial to ” Outperform” on May 6, 2016.

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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