Marshall Wace LLP Raises Position in AerSale Co. (NASDAQ:ASLE)

Marshall Wace LLP increased its stake in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 683.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,338 shares of the company's stock after purchasing an additional 180,860 shares during the quarter. Marshall Wace LLP owned 0.39% of AerSale worth $1,435,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in AerSale by 9.3% in the first quarter. California State Teachers Retirement System now owns 29,579 shares of the company's stock worth $212,000 after acquiring an additional 2,506 shares during the last quarter. American International Group Inc. boosted its holdings in AerSale by 30.5% in the first quarter. American International Group Inc. now owns 16,605 shares of the company's stock valued at $119,000 after purchasing an additional 3,878 shares in the last quarter. American Century Companies Inc. raised its holdings in AerSale by 12.8% during the second quarter. American Century Companies Inc. now owns 36,480 shares of the company's stock worth $252,000 after purchasing an additional 4,134 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of AerSale by 38.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,684 shares of the company's stock worth $212,000 after buying an additional 4,650 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of AerSale by 11.7% in the 2nd quarter. Rhumbline Advisers now owns 51,996 shares of the company's stock valued at $360,000 after buying an additional 5,463 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.

Insider Transactions at AerSale

In related news, insider Nicolas Finazzo bought 20,000 shares of the firm's stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $5.36 per share, for a total transaction of $107,200.00. Following the transaction, the insider now owns 37,000 shares of the company's stock, valued at approximately $198,320. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 37.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ASLE. Stifel Nicolaus dropped their price objective on AerSale from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Royal Bank of Canada cut their target price on shares of AerSale from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial reduced their price target on shares of AerSale from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, August 8th.

AerSale Stock Performance

AerSale stock traded down $0.05 during mid-day trading on Friday, reaching $4.75. 497,812 shares of the company were exchanged, compared to its average volume of 447,721. The firm's 50-day simple moving average is $5.28 and its two-hundred day simple moving average is $6.48. AerSale Co. has a twelve month low of $4.70 and a twelve month high of $16.69. The firm has a market cap of $251.79 million, a PE ratio of -475.00 and a beta of 0.23.

AerSale (NASDAQ:ASLE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.15). The firm had revenue of $77.10 million during the quarter, compared to analysts' expectations of $87.66 million. AerSale had a negative net margin of 0.07% and a negative return on equity of 0.95%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share. As a group, equities research analysts anticipate that AerSale Co. will post 0.21 EPS for the current year.

About AerSale

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).