AerSale (NASDAQ:ASLE) Cut to Hold at Truist Financial

Truist Financial downgraded shares of AerSale (NASDAQ:ASLE - Free Report) from a buy rating to a hold rating in a research report report published on Friday morning, Marketbeat reports. They currently have $6.00 target price on the stock, down from their previous target price of $8.00.

ASLE has been the topic of several other reports. Wall Street Zen cut shares of AerSale from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada cut their price objective 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $8.00.

AerSale Stock Performance

Shares of ASLE traded down $0.26 during trading hours on Friday, reaching $5.86. 435,697 shares of the company traded hands, compared to its average volume of 406,726. The stock's fifty day moving average is $6.06 and its 200 day moving average is $6.69. The stock has a market cap of $274.60 million, a P/E ratio of -53.27 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 4.54. AerSale has a 1-year low of $4.53 and a 1-year high of $8.76.

Hedge Funds Weigh In On AerSale

Several institutional investors have recently added to or reduced their stakes in ASLE. M3F Inc. raised its stake in AerSale by 97.7% in the first quarter. M3F Inc. now owns 3,119,698 shares of the company's stock valued at $23,367,000 after purchasing an additional 1,541,724 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock worth $8,924,000 after purchasing an additional 81,378 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of AerSale by 105.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock worth $6,930,000 after purchasing an additional 565,017 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in AerSale by 4.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 893,850 shares of the company's stock valued at $6,695,000 after acquiring an additional 34,880 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in AerSale by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 779,980 shares of the company's stock valued at $4,915,000 after acquiring an additional 17,311 shares in the last quarter. Institutional investors own 69.48% of the company's stock.

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).