New York State Common Retirement Fund reduced its stake in AerSale Co. (NASDAQ:ASLE - Free Report) by 96.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,159 shares of the company's stock after selling 259,326 shares during the period. New York State Common Retirement Fund's holdings in AerSale were worth $64,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bfsg LLC bought a new position in AerSale in the 4th quarter worth about $68,000. Peapod Lane Capital LLC bought a new stake in shares of AerSale during the fourth quarter valued at approximately $2,499,000. Bleakley Financial Group LLC purchased a new position in AerSale in the 4th quarter worth approximately $86,000. Private Management Group Inc. bought a new position in AerSale in the 4th quarter valued at approximately $6,994,000. Finally, Spire Wealth Management purchased a new stake in AerSale during the 4th quarter valued at $27,000. 69.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on ASLE. TD Cowen upgraded AerSale to a "hold" rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their target price on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research report on Friday.
Check Out Our Latest Research Report on ASLE
AerSale Stock Performance
Shares of NASDAQ ASLE traded down $0.32 during midday trading on Monday, hitting $7.92. 605,056 shares of the stock traded hands, compared to its average volume of 283,535. AerSale Co. has a one year low of $4.53 and a one year high of $9.40. The firm has a market capitalization of $421.43 million, a P/E ratio of 792.79 and a beta of 0.29. The firm has a 50-day moving average of $6.73 and a two-hundred day moving average of $5.96.
About AerSale
(
Free Report)
AerSale Corporation provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul (MRO) service providers worldwide. It operates in two segments, Asset Management Solutions and Technical Operations (TechOps).
Further Reading
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