Dimensional Fund Advisors LP Has $3.84 Million Stock Holdings in AerSale Co. (NASDAQ:ASLE)

Dimensional Fund Advisors LP lessened its holdings in AerSale Co. (NASDAQ:ASLE - Free Report) by 24.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 554,565 shares of the company's stock after selling 177,481 shares during the period. Dimensional Fund Advisors LP owned 1.05% of AerSale worth $3,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of AerSale during the 2nd quarter worth about $107,000. American International Group Inc. boosted its holdings in shares of AerSale by 30.5% during the first quarter. American International Group Inc. now owns 16,605 shares of the company's stock worth $119,000 after acquiring an additional 3,878 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of AerSale in the second quarter valued at approximately $182,000. PNC Financial Services Group Inc. increased its stake in shares of AerSale by 38.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,684 shares of the company's stock worth $212,000 after purchasing an additional 4,650 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in AerSale by 9.3% during the 1st quarter. California State Teachers Retirement System now owns 29,579 shares of the company's stock worth $212,000 after purchasing an additional 2,506 shares during the last quarter. 69.48% of the stock is owned by institutional investors.

Insider Buying and Selling at AerSale

In related news, insider Nicolas Finazzo purchased 20,000 shares of the stock in a transaction dated 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 acquisition, the insider now owns 37,000 shares of the company's stock, valued at approximately $198,320. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 37.30% of the company's stock.

AerSale Stock Down 6.2 %

Shares of ASLE traded down $0.30 during trading hours on Thursday, hitting $4.55. 617,142 shares of the company were exchanged, compared to its average volume of 456,560. AerSale Co. has a fifty-two week low of $4.53 and a fifty-two week high of $16.69. The company has a market cap of $241.19 million, a price-to-earnings ratio of -455.00 and a beta of 0.23. The firm's fifty day moving average is $5.16 and its 200 day moving average is $6.42.

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

Analyst Upgrades and Downgrades

ASLE has been the topic of several recent research reports. Stifel Nicolaus lowered their price objective on AerSale from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Truist Financial dropped their price objective on shares of AerSale from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their target price on shares of AerSale from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 8th.

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).