JPMorgan Chase & Co. boosted its stake in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 58.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 108,564 shares of the company's stock after acquiring an additional 39,854 shares during the period. JPMorgan Chase & Co. owned about 0.20% of AerSale worth $684,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in AerSale by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company's stock valued at $3,852,000 after buying an additional 11,304 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of AerSale in the fourth quarter worth approximately $6,994,000. Raymond James Financial Inc. purchased a new stake in shares of AerSale during the fourth quarter worth approximately $261,000. Barclays PLC raised its stake 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 purchasing an additional 31,996 shares during the last quarter. Finally, Peapod Lane Capital LLC purchased a new position in AerSale in the 4th quarter valued at $2,499,000. 69.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada raised their price target on shares of AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th.
Get Our Latest Stock Report on ASLE
AerSale Stock Performance
Shares of NASDAQ ASLE traded down $0.05 during trading on Monday, hitting $7.06. 16,018 shares of the company were exchanged, compared to its average volume of 402,498. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $9.40. The company has a fifty day moving average price of $7.38 and a 200-day moving average price of $6.66. The firm has a market capitalization of $331.02 million, a PE ratio of 705.21 and a beta of 0.30.
About AerSale
(
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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