AerSale's (ASLE) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• AerSale's stock has received a "hold (C-)" rating from Weiss Ratings, while Zacks Research upgraded it to a "strong-buy" rating.
• The current consensus rating for AerSale is "Hold," with a price target of $7.00 and its stock price recently trading at $7.85.
• Institutional investors hold 69.48% of AerSale’s stock, indicating strong interest from hedge funds in the company's performance.

AerSale (NASDAQ:ASLE - Get Free Report)'s stock had its "hold (c-)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on ASLE. Zacks Research upgraded shares of AerSale from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 9th. Royal Bank Of Canada boosted their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of AerSale from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Finally, Truist Financial downgraded shares of AerSale from a "buy" rating to a "hold" rating and reduced their target price for the stock from $8.00 to $6.00 in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, AerSale currently has a consensus rating of "Hold" and a consensus price target of $7.00.

AerSale Stock Down 3.4%

ASLE traded down $0.28 during trading on Wednesday, hitting $7.85. The company had a trading volume of 209,235 shares, compared to its average volume of 432,773. The company has a market capitalization of $370.13 million, a PE ratio of 56.18 and a beta of 0.26. AerSale has a one year low of $4.53 and a one year high of $9.12. The firm's 50-day moving average price is $8.20 and its 200 day moving average price is $7.05. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On AerSale

A number of institutional investors have recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new position in AerSale in the 1st quarter valued at approximately $1,966,000. American Century Companies Inc. increased its position in shares of AerSale by 87.4% during the first quarter. American Century Companies Inc. now owns 88,404 shares of the company's stock worth $662,000 after buying an additional 41,231 shares during the period. Private Management Group Inc. increased its position in shares of AerSale by 7.3% during the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock worth $8,924,000 after buying an additional 81,378 shares during the period. GAMMA Investing LLC increased its position 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 worth $35,000 after buying an additional 4,490 shares during the period. Finally, Invesco Ltd. increased its position in shares of AerSale by 51.8% during the first quarter. Invesco Ltd. now owns 89,215 shares of the company's stock worth $668,000 after buying an additional 30,451 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

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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