AerSale (NASDAQ:ASLE - Free Report) had its price target increased by Royal Bank of Canada from $7.00 to $8.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.
Separately, TD Cowen upgraded shares of AerSale to a "hold" rating in a research note on Thursday, December 19th.
View Our Latest Stock Analysis on ASLE
AerSale Stock Performance
Shares of ASLE stock traded up $1.17 during mid-day trading on Friday, reaching $8.24. The company's stock had a trading volume of 1,797,708 shares, compared to its average volume of 373,259. AerSale has a 1-year low of $4.53 and a 1-year high of $9.40. The company has a market cap of $438.46 million, a P/E ratio of 824.82 and a beta of 0.29. The firm's 50-day moving average is $6.73 and its two-hundred day moving average is $5.95.
Institutional Investors Weigh In On AerSale
A number of hedge funds have recently made changes to their positions in ASLE. M3F Inc. acquired a new stake in shares of AerSale during the 4th quarter worth about $9,941,000. Private Management Group Inc. acquired a new stake in shares of AerSale during the 4th quarter worth about $6,994,000. Alyeska Investment Group L.P. increased its position in shares of AerSale by 105.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock worth $6,930,000 after purchasing an additional 565,017 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in shares of AerSale during the 4th quarter worth about $2,499,000. Finally, Raffles Associates LP increased its position in shares of AerSale by 295.7% during the 4th quarter. Raffles Associates LP now owns 455,000 shares of the company's stock worth $2,866,000 after purchasing an additional 340,000 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company's stock.
About AerSale
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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).
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