Wall Street Zen upgraded shares of AerSale (NASDAQ:ASLE - Free Report) from a sell rating to a strong-buy rating in a research report released on Saturday morning.
A number of other research firms have also commented on ASLE. Royal Bank Of Canada raised their price objective on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Truist Financial lowered AerSale from a "buy" rating to a "hold" rating and decreased their price target for the company from $8.00 to $6.00 in a research note on Friday, July 11th.
Get Our Latest Research Report on AerSale
AerSale Price Performance
AerSale stock traded down $0.34 during mid-day trading on Friday, reaching $8.44. 172,038 shares of the company were exchanged, compared to its average volume of 419,830. The company has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.71. AerSale has a 12 month low of $4.53 and a 12 month high of $8.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.88. The firm has a market cap of $397.96 million, a PE ratio of 60.25 and a beta of 0.24.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ASLE. GAMMA Investing LLC grew its position in AerSale by 3,427.5% in the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock valued at $35,000 after acquiring an additional 4,490 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in AerSale by 37.8% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company's stock valued at $41,000 after acquiring an additional 1,519 shares during the last quarter. SBI Securities Co. Ltd. grew its position in AerSale by 85.4% in the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock valued at $50,000 after acquiring an additional 3,100 shares during the last quarter. Quantbot Technologies LP grew its position in AerSale by 133.1% in the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock valued at $56,000 after acquiring an additional 4,282 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in AerSale in the second quarter valued at about $66,000. Institutional investors own 69.48% of the company's stock.
About AerSale
(
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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).
Further Reading
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