Virtu Financial LLC Makes New Investment in AerSale Corporation $ASLE

Key Points

• Virtu Financial LLC has acquired 41,482 shares of AerSale Corporation (NASDAQ:ASLE), approximately valued at $311,000, representing a 0.09% ownership stake.
• AerSale saw significant activity from other institutional investors, with GAMMA Investing LLC increasing its stake by 3,427.5% in the same quarter.
• Recent analyst ratings for AerSale have been mixed, with Royal Bank of Canada increasing their price target to $8.00, while Truist Financial downgraded its rating from "buy" to "hold" with a lower price objective of $6.00.

Virtu Financial LLC purchased a new stake in AerSale Corporation (NASDAQ:ASLE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,482 shares of the company's stock, valued at approximately $311,000. Virtu Financial LLC owned 0.09% of AerSale as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC raised its position in shares of AerSale by 22.4% in the fourth quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company's stock valued at $3,609,000 after purchasing an additional 104,663 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of AerSale in the fourth quarter valued at approximately $377,000. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 4,490 shares during the period. Private Management Group Inc. raised its position 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 valued at $8,924,000 after purchasing an additional 81,378 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of AerSale in the fourth quarter valued at approximately $261,000. Institutional investors own 69.48% of the company's stock.

AerSale Price Performance

ASLE stock traded up $0.06 during midday trading on Thursday, reaching $8.85. The company had a trading volume of 466,099 shares, compared to its average volume of 537,485. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 0.82. AerSale Corporation has a 1 year low of $4.53 and a 1 year high of $9.06. The company has a market capitalization of $417.54 million, a P/E ratio of 63.21 and a beta of 0.24. The firm has a 50-day moving average price of $6.57 and a 200-day moving average price of $6.80.

Analyst Upgrades and Downgrades

ASLE has been the subject of several recent analyst reports. Royal Bank Of Canada boosted 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. Wall Street Zen raised shares of AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Truist Financial cut shares of AerSale from a "buy" rating to a "hold" rating and reduced their price objective for the company from $8.00 to $6.00 in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.00.

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).