Peapod Lane Capital LLC Takes $2.50 Million Position in AerSale Co. (NASDAQ:ASLE)

Peapod Lane Capital LLC bought a new position in AerSale Co. (NASDAQ:ASLE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 396,674 shares of the company's stock, valued at approximately $2,499,000. AerSale makes up about 2.5% of Peapod Lane Capital LLC's portfolio, making the stock its 14th largest holding. Peapod Lane Capital LLC owned 0.75% of AerSale at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in AerSale during the fourth quarter valued at approximately $27,000. nVerses Capital LLC increased its holdings in shares of AerSale by 75.0% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the company's stock valued at $25,000 after acquiring an additional 2,100 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of AerSale during the third quarter worth $59,000. Bleakley Financial Group LLC purchased a new position in shares of AerSale in the fourth quarter worth about $86,000. Finally, The Manufacturers Life Insurance Company lifted its stake in AerSale by 33.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company's stock valued at $97,000 after acquiring an additional 3,531 shares during the period. Institutional investors own 69.48% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, TD Cowen upgraded AerSale to a "hold" rating in a research note on Thursday, December 19th.

AerSale Stock Down 1.0 %

Shares of NASDAQ ASLE traded down $0.07 during trading on Monday, hitting $6.83. The company had a trading volume of 231,725 shares, compared to its average volume of 222,635. The firm has a market capitalization of $363.42 million, a price-to-earnings ratio of 683.68 and a beta of 0.28. The stock has a fifty day simple moving average of $6.48 and a two-hundred day simple moving average of $5.79. AerSale Co. has a fifty-two week low of $4.53 and a fifty-two week high of $9.79.

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).