AerSale Corporation (NASDAQ:ASLE) Director Judith Ann Fedder Buys 2,100 Shares

Key Points

• Judith Ann Fedder, a director at AerSale Corporation, purchased 2,100 shares of the company at an average price of $8.51, increasing her ownership to 61,175 shares valued at approximately $520,599.25.
• AerSale's stock has seen a significant increase in institutional interest, with several hedge funds increasing their holdings dramatically during the first quarter of 2023.
• Equity analysts have mixed views on AerSale, with Truist Financial downgrading its rating while Wall Street Zen upgraded it to a "strong-buy".

AerSale Corporation (NASDAQ:ASLE - Get Free Report) Director Judith Ann Fedder purchased 2,100 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $8.51 per share, with a total value of $17,871.00. Following the completion of the purchase, the director directly owned 61,175 shares of the company's stock, valued at approximately $520,599.25. This represents a 3.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

AerSale Stock Performance

Shares of ASLE traded down $0.25 during mid-day trading on Thursday, reaching $8.53. 484,423 shares of the company's stock traded hands, compared to its average volume of 457,882. The business's 50-day moving average price is $6.29 and its 200-day moving average price is $6.73. The stock has a market capitalization of $402.45 million, a P/E ratio of 60.93 and a beta of 0.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.88 and a current ratio of 3.87. AerSale Corporation has a 12 month low of $4.53 and a 12 month high of $8.91.

Institutional Investors Weigh In On AerSale

A number of hedge funds have recently made changes to their positions in ASLE. GAMMA Investing LLC raised its holdings in shares of AerSale by 3,427.5% during the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock valued at $35,000 after buying an additional 4,490 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in AerSale by 37.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company's stock worth $41,000 after purchasing an additional 1,519 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock worth $50,000 after purchasing an additional 3,100 shares in the last quarter. Quantbot Technologies LP raised its holdings in AerSale by 133.1% during the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock worth $56,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in AerSale during the second quarter worth approximately $66,000. Institutional investors own 69.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Truist Financial downgraded AerSale from a "buy" rating to a "hold" rating and decreased their price target for the stock from $8.00 to $6.00 in a research note on Friday, July 11th. Royal Bank Of Canada lifted their price target on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

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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