AerSale Co. (NASDAQ:ASLE) Shares Acquired by Alyeska Investment Group L.P.

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

Several other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in shares of AerSale during the fourth quarter valued at approximately $27,000. Bfsg LLC purchased a new position in shares of AerSale during the 4th quarter worth $68,000. Franklin Resources Inc. acquired a new stake in shares of AerSale during the fourth quarter worth $75,000. Virtu Financial LLC purchased a new stake in shares of AerSale in the third quarter valued at $82,000. Finally, Price T Rowe Associates Inc. MD increased its stake in AerSale by 25.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock valued at $84,000 after purchasing an additional 2,665 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company's stock.

AerSale Trading Down 1.5 %

ASLE stock opened at $7.00 on Tuesday. The company has a market capitalization of $328.02 million, a P/E ratio of 700.70 and a beta of 0.30. The firm has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $6.67. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $9.40.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a report on Friday, March 7th.

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).

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