JPMorgan Chase & Co. Acquires 39,854 Shares of AerSale Co. (NASDAQ:ASLE)

JPMorgan Chase & Co. raised its stake in AerSale Co. (NASDAQ:ASLE - Free Report) by 58.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,564 shares of the company's stock after purchasing an additional 39,854 shares during the quarter. JPMorgan Chase & Co. owned about 0.20% of AerSale worth $684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in shares of AerSale in the 4th quarter worth approximately $27,000. Bfsg LLC bought a new position in AerSale during the 4th quarter valued at $68,000. Virtu Financial LLC bought a new stake in shares of AerSale in the 3rd quarter worth $82,000. Bleakley Financial Group LLC acquired a new stake in shares of AerSale in the fourth quarter valued at $86,000. Finally, Intech Investment Management LLC acquired a new position in AerSale during the fourth quarter worth about $90,000. Institutional investors and hedge funds own 69.48% of the company's stock.

Wall Street Analysts Forecast Growth

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

AerSale Trading Up 2.9 %

ASLE stock traded up $0.20 during trading on Friday, reaching $7.11. 375,890 shares of the stock were exchanged, compared to its average volume of 403,296. The company has a market capitalization of $333.17 million, a P/E ratio of 711.71 and a beta of 0.27. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $9.40. The stock has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $6.63.

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).