1832 Asset Management L.P. Reduces $147M in CAE Inc. ($CAE)
Key Points
- 1832 Asset Management L.P. changed its CAE Inc. ($CAE) stake by 26.2% last quarter, cutting to 16,395,507 shares worth $414.81 million.
- Wall Street's consensus rating on $CAE is Buy and an average price target of $32.57.
- $CAE last traded around $25.30.
1832 Asset Management L.P. reduced its position in CAE Inc. ($CAE) by 26.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,395,507 shares of CAE Inc. after selling 5,806,462 shares during the quarter. 1832 Asset Management L.P.'s holdings in CAE Inc. were worth $414.81 million as of its most recent filing.
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About CAE Inc.
CAE Inc., together with its subsidiaries, provides training, simulation, and critical operation solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and rest of the Americas. The company operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, ground personnel, and air traffic controllers in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as airline operations digital solutions. The Defense and Security segment operates as a training and simulation provider that delivers scalable and platform-independent solutions to enable and enhance force readiness and security for defense forces, original equipment manufacturers (OEMs), government agencies, and public safety organizations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in 1993. CAE Inc. was incorporated in 1947 and is headquartered in Saint-Laurent, Canada.
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