AerSale (NASDAQ:ASLE - Get Free Report) was upgraded by TD Cowen to a "hold" rating in a research report issued on Thursday,Zacks.com reports.
Separately, Truist Financial cut their price objective on AerSale from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, October 18th.
Check Out Our Latest Research Report on AerSale
AerSale Trading Up 1.3 %
NASDAQ:ASLE traded up $0.08 during trading hours on Thursday, hitting $6.20. 417,757 shares of the stock traded hands, compared to its average volume of 450,371. The firm has a 50 day moving average price of $5.84 and a 200 day moving average price of $5.88. The firm has a market cap of $329.91 million, a price-to-earnings ratio of 620.62 and a beta of 0.28. AerSale has a fifty-two week low of $4.53 and a fifty-two week high of $13.43.
Institutional Trading of AerSale
A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in shares of AerSale by 14.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 119,693 shares of the company's stock valued at $828,000 after purchasing an additional 14,828 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in AerSale during the second quarter valued at about $107,000. Kings Path Partners LLC bought a new position in AerSale during the second quarter valued at about $333,000. Rhumbline Advisers lifted its position in shares of AerSale by 11.7% in the second quarter. Rhumbline Advisers now owns 51,996 shares of the company's stock worth $360,000 after buying an additional 5,463 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of AerSale during the 2nd quarter worth about $519,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.
AerSale Company Profile
(
Get 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).
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