AerSale Co. (NASDAQ:ASLE) Insider Sells $13,347.18 in Stock

AerSale Co. (NASDAQ:ASLE - Get Free Report) insider Martin Garmendia sold 2,247 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $5.94, for a total transaction of $13,347.18. Following the completion of the sale, the insider now directly owns 158,900 shares in the company, valued at $943,866. This represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AerSale Stock Down 1.4%

ASLE traded down $0.08 during trading on Tuesday, hitting $5.72. The company's stock had a trading volume of 241,121 shares, compared to its average volume of 407,124. The firm has a market cap of $268.04 million, a PE ratio of 572.57 and a beta of 0.23. The business's 50 day simple moving average is $6.40 and its 200-day simple moving average is $6.73. AerSale Co. has a one year low of $4.53 and a one year high of $8.76.

Institutional Trading of AerSale

A number of hedge funds and other institutional investors have recently bought and sold shares of ASLE. M3F Inc. increased its stake in shares of AerSale by 97.7% in the first quarter. M3F Inc. now owns 3,119,698 shares of the company's stock worth $23,367,000 after purchasing an additional 1,541,724 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock worth $8,924,000 after acquiring an additional 81,378 shares during the period. Alyeska Investment Group L.P. grew its position in shares of AerSale by 105.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock worth $6,930,000 after purchasing an additional 565,017 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in AerSale by 4.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 893,850 shares of the company's stock valued at $6,695,000 after purchasing an additional 34,880 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in AerSale by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 779,980 shares of the company's stock worth $4,915,000 after purchasing an additional 17,311 shares in 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 equities research analysts have weighed in on the stock. Wall Street Zen cut shares of AerSale from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Royal Bank of Canada cut their price target on AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, AerSale presently has an average rating of "Hold" and a consensus target price of $8.67.

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).

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