AerSale (NASDAQ:ASLE - Free Report) had its price objective decreased by Truist Financial from $10.00 to $8.00 in a research report sent to investors on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.
ASLE has been the topic of a number of other reports. Stifel Nicolaus dropped their price objective on shares of AerSale from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada cut their price target on AerSale from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Thursday, August 8th.
Check Out Our Latest Report on AerSale
AerSale Stock Up 0.4 %
NASDAQ:ASLE traded up $0.02 during midday trading on Friday, hitting $5.33. The stock had a trading volume of 762,545 shares, compared to its average volume of 464,802. The stock has a 50-day moving average of $5.05 and a 200 day moving average of $6.32. The company has a market capitalization of $282.54 million, a price-to-earnings ratio of -533.00 and a beta of 0.23. AerSale has a one year low of $4.53 and a one year high of $16.69.
AerSale (NASDAQ:ASLE - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.15). AerSale had a negative net margin of 0.07% and a negative return on equity of 0.95%. The firm had revenue of $77.10 million during the quarter, compared to the consensus estimate of $87.66 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The business's revenue was up 11.3% compared to the same quarter last year. On average, sell-side analysts anticipate that AerSale will post 0.21 earnings per share for the current fiscal year.
Insider Buying and Selling
In other AerSale news, insider Nicolas Finazzo purchased 20,000 shares of the firm's stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $5.36 per share, for a total transaction of $107,200.00. Following the completion of the purchase, the insider now owns 37,000 shares in the company, valued at $198,320. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 37.30% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in shares of AerSale by 21.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company's stock valued at $15,560,000 after acquiring an additional 377,397 shares during the period. Private Capital Management LLC increased its holdings in shares of AerSale by 27.4% in the first quarter. Private Capital Management LLC now owns 1,849,539 shares of the company's stock valued at $13,280,000 after purchasing an additional 398,200 shares during the period. Vanguard Group Inc. raised its stake in shares of AerSale by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,601,916 shares of the company's stock worth $11,502,000 after purchasing an additional 63,615 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of AerSale by 520.7% during the second quarter. Millennium Management LLC now owns 581,814 shares of the company's stock worth $4,026,000 after purchasing an additional 488,081 shares during the period. Finally, Meros Investment Management LP boosted its position in AerSale by 25.3% in the second quarter. Meros Investment Management LP now owns 324,962 shares of the company's stock valued at $2,249,000 after buying an additional 65,629 shares during 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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