An institutional asset manager has just reduced its exposure to CAE while the shares of the Montreal flight simulator manufacturer are having a good year on the stock market.
Mackenzie sold just over 1.7 million shares during the month of August, a document filed this month with securities regulators shows. While the price obtained in the sale and the exact dates of the transactions are not specified, the shares sold are worth more than $50 million.
The transactions pushed Mackenzie’s stake in CAE below 10% to start September. Mackenzie is therefore no longer required to disclose its transactions in CAE stock, unless its stake increases to 10% or more. CAE’s stock hit a 52-week high this month and is up 22% this year.
A founder of Alimentation Couche-Tard has just sold $14.5 million worth of shares in the Laval convenience store chain. Richard Fortin sold a total of 200,000 shares during the sessions of September 12 and 13. Transactions were made at prices ranging between $72 and $73. He directly owned the majority of the shares sold. However, 50,000 of the 200,000 shares sold were held by the Lise and Richard Fortin foundation. The latter is still a member of the board of directors of Couche-Tard and remains one of the largest shareholders.
The Laval pharmaceutical company Bausch Health received support in the middle of the week from the American firm Jefferies. Analyst Glen Santagelo has recommended buying the stock since Wednesday. Its 12-month target of US$9 is now US$16. Bausch Health stock rose 8% on Wednesday.
The chief financial officer of NanoXplore has just purchased shares of the Montreal graphene producer. Pedro Azevedo purchased a block of 5,000 shares on September 15th. He paid a unit price of $2.93. He became head of finance at NanoXplore last year.
A member of the Dollarama board of directors has just sold nearly $200,000 in shares of the Montreal-based low-cost retailer. John Huw Thomas sold a block of 2,000 shares on September 15 at a unit price of $96.28. He has been a member of the Dollarama board of directors since 2011.
Now that Laurentian Bank shares have fallen sharply with the announced result of the review of strategic options, the dividend yield has once again exceeded the 6% mark.
The Quebec stocks of AtkinsRéalis (new company name of SNC-Lavalin) and Groupe Colabor reached another 52-week high this week on the Toronto Stock Exchange.
On the other hand, those of Nuvei, BCE, GDI, Pages Jaunes, Transcontinental, Innergex, Fiera Capital and PyroGenèse all slipped this week to a 52-week low.