AerSale Co. (NASDAQ:ASLE - Get Free Report) insider Enrique Pizzi sold 2,401 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $6.01, for a total value of $14,430.01. Following the completion of the sale, the insider now owns 70,948 shares in the company, valued at approximately $426,397.48. This represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
AerSale Stock Up 1.6 %
Shares of AerSale stock traded up $0.10 on Monday, reaching $6.40. The company's stock had a trading volume of 222,864 shares, compared to its average volume of 245,438. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $11.03. The company has a market capitalization of $340.55 million, a P/E ratio of 640.64 and a beta of 0.27. The stock has a 50-day moving average price of $6.14 and a 200-day moving average price of $5.80.
Analysts Set New Price Targets
Several research firms have commented on ASLE. TD Cowen upgraded AerSale to a "hold" rating in a research report on Thursday, December 19th. Truist Financial lowered their price target on shares of AerSale from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, October 18th.
Read Our Latest Report on ASLE
Institutional Investors Weigh In On AerSale
Several institutional investors and hedge funds have recently added to or reduced their stakes in ASLE. Millennium Management LLC boosted its stake in shares of AerSale by 520.7% in the second quarter. Millennium Management LLC now owns 581,814 shares of the company's stock worth $4,026,000 after acquiring an additional 488,081 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of AerSale by 683.1% during the second quarter. Marshall Wace LLP now owns 207,338 shares of the company's stock worth $1,435,000 after buying an additional 180,860 shares in the last quarter. Meros Investment Management LP raised its position in shares of AerSale by 38.4% in the third quarter. Meros Investment Management LP now owns 449,631 shares of the company's stock valued at $2,271,000 after buying an additional 124,669 shares during the last quarter. Raffles Associates LP purchased a new position in shares of AerSale in the second quarter worth about $692,000. Finally, AQR Capital Management LLC boosted its position in AerSale by 194.5% during the second quarter. AQR Capital Management LLC now owns 141,952 shares of the company's stock worth $982,000 after acquiring an additional 93,745 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.
About AerSale
(
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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