Nexus Investment Management Lowers stake in CAE (USA) (CAE)

CAE (USA) (CAE) : Nexus Investment Management reduced its stake in CAE (USA) by 0.52% during the most recent quarter end. The investment management company now holds a total of 938,475 shares of CAE (USA) which is valued at $13,194,959 after selling 4,900 shares in CAE (USA) , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.CAE (USA) makes up approximately 2.44% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in CAE in the latest quarter, The investment management firm added 12,924 additional shares and now holds a total of 278,097 shares of CAE (USA) which is valued at $3,910,044.Eqis Capital Management boosted its stake in CAE in the latest quarter, The investment management firm added 11,423 additional shares and now holds a total of 31,776 shares of CAE (USA) which is valued at $454,079. CAE (USA) makes up approx 0.03% of Eqis Capital Management’s portfolio.

CAE (USA) closed down -0.14 points or -0.99% at $14.06 with 64,838 shares getting traded on Tuesday. Post opening the session at $14.19, the shares hit an intraday low of $14.023 and an intraday high of $14.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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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