Swiss National Bank Boosts Stake in CAE Inc with Additional Share Purchase

The Swiss National Bank has significantly increased its stake in CAE Inc (NYSE:CAE), acquiring an additional 220,800 shares during the first quarter. This brings the total number of shares owned by the bank to 1,028,300, representing approximately 0.32% of the company's stock.

The acquisition is part of a larger trend in which hedge funds and institutional investors have been increasing their holdings in CAE Inc. The firm has seen significant growth in recent quarters, with revenue up 4.0% year-over-year in the latest quarter.

CAE Inc reported earnings per share (EPS) of $0.31 for the first quarter, beating analysts' consensus estimates by $0.01. The company's quarterly revenue was $953.79 million, exceeding analyst estimates of $924.83 million.