193,630 Shares in AerSale Corporation $ASLE Purchased by Brandywine Global Investment Management LLC

Key Points

• Brandywine Global Investment Management LLC purchased 193,630 shares of AerSale Corporation for approximately $1,450,000, making it a notable addition to their investment portfolio.
• Institutional investors own 69.48% of AerSale's stock, with other firms like JPMorgan and Geode Capital also increasing their stakes significantly in recent quarters.
• Analysts have varied opinions on AerSale, with one firm raising the target price from $7.00 to $8.00, while another lowered their rating from "buy" to "hold" with a target of $6.00.

Brandywine Global Investment Management LLC bought a new stake in AerSale Corporation (NASDAQ:ASLE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 193,630 shares of the company's stock, valued at approximately $1,450,000. Brandywine Global Investment Management LLC owned about 0.41% of AerSale as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake 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 buying an additional 4,490 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 buying an additional 1,519 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake 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 buying an additional 3,100 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in AerSale by 25.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock valued at $84,000 after buying an additional 2,665 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in AerSale in the fourth quarter valued at $92,000. 69.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASLE shares. Wall Street Zen upgraded AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Truist Financial cut shares of AerSale from a "buy" rating to a "hold" rating and cut their price objective for the company from $8.00 to $6.00 in a research note on Friday, July 11th. Finally, Royal Bank Of Canada lifted their price objective on shares of AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.00.

AerSale Stock Performance

Shares of NASDAQ ASLE traded up $0.05 during midday trading on Friday, reaching $8.90. 855,276 shares of the company traded hands, compared to its average volume of 573,422. AerSale Corporation has a 52 week low of $4.53 and a 52 week high of $9.08. The stock has a 50-day moving average price of $6.63 and a 200 day moving average price of $6.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82. The company has a market cap of $419.90 million, a price-to-earnings ratio of 63.57 and a beta of 0.24.

AerSale 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).