The wise investor | Asset manager reduces exposure to CAE

The wise investor | Asset manager reduces exposure to CAE
The wise investor | Asset manager reduces exposure to CAE

Every Sunday, we shine the spotlight on elements of financial and stock market news that may be useful to investors, but which might have gone under the radar.


Posted at 1:17 a.m.

Updated at 7:00 a.m.

A major institutional shareholder in CAE has just lowered its stake in the Montreal designer of flight simulators below 10%.

Mackenzie Financial sold just over $45 million in shares of CAE during the month of March.

Mackenzie said in a regulatory filing this month that it began April with a 9.7% stake. By lowering its investment in CAE to less than 10%, Mackenzie is no longer required to disclose its transactions in this security unless the interest returns to 10% or more.

A member of the board of directors ofAlimentation Couche-Tard purchased shares of the Laval convenience store chain worth more than $225,000 mid-week. Eric Boyko bought a block of 3,000 shares on Wednesday at a unit price of $75.50.

The largest shareholder of BRP after the Bombardier-Beaudoin family has just sold nearly $140 million worth of shares in the Valcourt recreational vehicle manufacturer. Bain Capital sold a block of 1.5 million shares this week. This Boston investment firm remains one of BRP’s largest shareholders.

A senior manager of Fiera Capital has just sold nearly half a million dollars worth of shares in the Montreal asset manager. John Valentini, head of private markets for the organization, sold a block of 61,600 shares on April 11 at a unit price of $7.80.

The operator of e-commerce platforms in Longueuil mdf commerce revealed this week in its circular that before accepting the purchase offer from the investment firm KKR last month, 46 parties were contacted in the fall (39 financial partners and 7 strategic buyers). It said mdf received six non-binding preliminary proposals from six different bidders before reaching a final arrangement at a price of $5.80 per share. Fonds FTQ and Investissement Québec are two major shareholders who have not yet made known their opinion on the transaction. The shareholders’ meeting will be held on May 10.

The founder and big boss of Haivision has just purchased approximately $60,000 worth of shares from the Montreal-based streaming solutions provider. Mirko Wicha purchased blocks of shares between April 4 and 16.

The finance manager at Dollarama just made a gross gain of $2 million selling shares. On April 9, Paul Roche exercised a total of 32,682 options at different exercise prices and then sold these securities the same day.

The size of the board of directors of the National Bank shrinks again this year. The council now has 13 people, three fewer members than three years ago. Arielle Meloul-Wechsler, head of human resources and legal affairs at Air Canada, was elected Friday by shareholders to join the board of directors. She fills one of the two seats vacated with the departures of Maryse Bertrand and Lino Saputo.

The head of the legal affairs department of CN sold a little more than $300,000 worth of shares in the Montreal rail carrier last month. Olivier Chouc sold a block of 1,725 ​​shares on March 18 at a unit price of $175.93.

Quebec titles of Héroux-Devtek, ADF Group And AYA Gold & Silver all hit a 52-week high this week on the Toronto Stock Exchange.

On the other hand, those of Waterfalls, Saputo, Lion, D-Box And Pages Yellows slipped this week to a 52-week low.

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