AerSale (NASDAQ:ASLE) Downgraded to Hold Rating by Truist Financial

Truist Financial cut shares of AerSale (NASDAQ:ASLE - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Truist Financial currently has $6.00 target price on the stock, down from their prior target price of $8.00.

ASLE has been the topic of a number of other research reports. Wall Street Zen downgraded shares of AerSale from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on shares of AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $8.00.

AerSale Price Performance

Shares of NASDAQ:ASLE remained flat at $5.86 on Friday. 281,057 shares of the stock traded hands, compared to its average volume of 406,923. The stock's 50-day moving average is $6.06 and its 200-day moving average is $6.70. AerSale has a 12-month low of $4.53 and a 12-month high of $8.76. The company has a quick ratio of 0.88, a current ratio of 4.54 and a debt-to-equity ratio of 0.01. The company has a market cap of $274.60 million, a price-to-earnings ratio of -53.27 and a beta of 0.24.

Hedge Funds Weigh In On AerSale

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 4,490 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted 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 valued at $41,000 after purchasing an additional 1,519 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock valued at $50,000 after buying an additional 3,100 shares during the last quarter. Quantbot Technologies LP raised its position in shares of AerSale by 133.1% during the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock valued at $56,000 after buying an additional 4,282 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of AerSale during the fourth quarter valued at approximately $75,000. Hedge funds and other institutional investors own 69.48% of the company's stock.

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).