AerSale Co. (NASDAQ:ASLE) Shares Bought by Millennium Management LLC

Millennium Management LLC raised its position in AerSale Co. (NASDAQ:ASLE - Free Report) by 520.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 581,814 shares of the company's stock after purchasing an additional 488,081 shares during the quarter. Millennium Management LLC owned about 1.10% of AerSale worth $4,026,000 as of its most recent filing with the Securities and Exchange Commission.

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

AerSale Stock Performance

Shares of ASLE traded up $0.30 during trading hours on Friday, hitting $4.85. The stock had a trading volume of 418,601 shares, compared to its average volume of 456,367. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $16.69. The firm has a market cap of $258.07 million, a P/E ratio of -485,000.00 and a beta of 0.23. The company's fifty day simple moving average is $5.10 and its 200 day simple moving average is $6.38.

AerSale (NASDAQ:ASLE - Get Free Report) last released its quarterly 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 business had revenue of $77.10 million during the quarter, compared to the consensus estimate of $87.66 million. During the same period in the previous year, the company posted ($0.08) EPS. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that AerSale Co. will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

ASLE has been the topic of a number of analyst reports. Stifel Nicolaus decreased their target price on shares of AerSale from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada lowered their price target 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 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.

Insider Buying and Selling

In other AerSale news, insider Nicolas Finazzo acquired 20,000 shares of the stock in a transaction dated 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 completion of the acquisition, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.30% of the stock is owned by corporate insiders.

AerSale 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).