Alyeska Investment Group L.P. Increases Stock Holdings in AerSale Co. (NASDAQ:ASLE)

Alyeska Investment Group L.P. raised its stake in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 105.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,000 shares of the company's stock after purchasing an additional 565,017 shares during the period. Alyeska Investment Group L.P. owned 2.07% of AerSale worth $6,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its holdings in AerSale by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company's stock valued at $3,852,000 after purchasing an additional 11,304 shares during the last quarter. Private Management Group Inc. purchased a new position in AerSale in the 4th quarter worth about $6,994,000. Raymond James Financial Inc. bought a new stake in AerSale during the 4th quarter valued at about $261,000. Barclays PLC boosted its position in AerSale by 266.5% in the 3rd quarter. Barclays PLC now owns 44,003 shares of the company's stock valued at $222,000 after buying an additional 31,996 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in shares of AerSale during the fourth quarter worth approximately $2,499,000. 69.48% of the stock is owned by institutional investors.

AerSale Price Performance

Shares of NASDAQ:ASLE traded down $0.07 during trading hours on Friday, hitting $6.09. The company's stock had a trading volume of 646,089 shares, compared to its average volume of 406,303. The firm's fifty day moving average price is $7.35 and its 200 day moving average price is $6.69. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $8.76. The company has a market capitalization of $285.38 million, a price-to-earnings ratio of 609.61 and a beta of 0.30.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price objective on AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Thursday.

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).