Russell Investments Group Ltd. lowered its holdings in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 62.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,778 shares of the company's stock after selling 311,217 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.36% of AerSale worth $1,202,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. Spire Wealth Management purchased a new stake in AerSale during the 4th quarter worth approximately $27,000. Bfsg LLC acquired a new position in AerSale in the 4th quarter valued at $68,000. Franklin Resources Inc. purchased a new position in AerSale in the 4th quarter valued at $75,000. Virtu Financial LLC acquired a new stake in AerSale during the 3rd quarter worth $82,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of AerSale during the fourth quarter worth $86,000. 69.48% of the stock is owned by institutional investors and hedge funds.
AerSale Price Performance
ASLE traded up $0.12 during trading hours on Wednesday, reaching $6.48. The company's stock had a trading volume of 563,033 shares, compared to its average volume of 401,283. The business's 50-day moving average is $7.39 and its 200-day moving average is $6.54. The stock has a market cap of $345.24 million, a PE ratio of 648.65 and a beta of 0.27. AerSale Co. has a fifty-two week low of $4.53 and a fifty-two week high of $9.40.
Analysts Set New Price Targets
Separately, Royal Bank of Canada boosted their price target on shares of AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research report on Friday, March 7th.
Get Our Latest Analysis on AerSale
AerSale Company Profile
(
Free Report)
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).
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