Squarepoint Ops LLC Cuts Stock Position in AerSale Co. (NASDAQ:ASLE)

Squarepoint Ops LLC decreased its holdings in AerSale Co. (NASDAQ:ASLE - Free Report) by 87.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,915 shares of the company's stock after selling 286,812 shares during the period. Squarepoint Ops LLC owned about 0.08% of AerSale worth $297,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ASLE. Raffles Associates LP purchased a new position in shares of AerSale during the second quarter valued at approximately $692,000. Marshall Wace LLP grew its position in AerSale by 683.1% in the 2nd quarter. Marshall Wace LLP now owns 207,338 shares of the company's stock worth $1,435,000 after purchasing an additional 180,860 shares during the period. Sei Investments Co. raised its stake in AerSale by 60.4% during the 2nd quarter. Sei Investments Co. now owns 47,024 shares of the company's stock valued at $325,000 after buying an additional 17,700 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of AerSale by 81.9% during the 2nd quarter. XTX Topco Ltd now owns 36,282 shares of the company's stock valued at $251,000 after buying an additional 16,333 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of AerSale by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 36,480 shares of the company's stock worth $252,000 after buying an additional 4,134 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ASLE shares. Truist Financial reduced their price objective on AerSale from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. 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 report on Friday, August 9th. Finally, Royal Bank of Canada cut their target price on shares of AerSale from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other AerSale news, insider Nicolas Finazzo bought 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $5.36 per share, with a total value of $107,200.00. Following the purchase, the insider now owns 37,000 shares of the company's stock, valued at $198,320. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 37.30% of the stock is currently owned by company insiders.

AerSale Stock Up 6.6 %

NASDAQ:ASLE traded up $0.30 during mid-day trading on Friday, hitting $4.85. 418,601 shares of the company traded hands, compared to its average volume of 456,367. The stock's fifty day moving average price is $5.10 and its 200-day moving average price is $6.38. AerSale Co. has a one year low of $4.53 and a one year high of $16.69. The firm has a market cap of $258.07 million, a price-to-earnings ratio of -485,000.00 and a beta of 0.23.

AerSale (NASDAQ:ASLE - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.15). AerSale had a negative return on equity of 0.95% and a negative net margin of 0.07%. The firm had revenue of $77.10 million during the quarter, compared to analysts' expectations of $87.66 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that AerSale Co. will post 0.21 EPS for the current year.

AerSale Company Profile

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).