Acadian Asset Management LLC Takes Position in AerSale Corporation $ASLE

Key Points

• Acadian Asset Management LLC acquired 585,404 shares of AerSale Corporation, valued at approximately $4.4 million, representing about 1.25% of the company's stock.
• Institutional investors now own 69.48% of AerSale's stock, with several funds significantly increasing their holdings during the first quarter.
• AerSale's stock has recently been rated with a consensus of "Moderate Buy," and its average target price is projected at $7.00 following varied analyst ratings.

Acadian Asset Management LLC acquired a new stake in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 585,404 shares of the company's stock, valued at approximately $4,377,000. Acadian Asset Management LLC owned approximately 1.25% of AerSale at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. M3F Inc. lifted its holdings in shares of AerSale by 97.7% during the 1st 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. lifted its holdings in shares of AerSale by 7.3% during the 1st 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 in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of AerSale by 4.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 893,850 shares of the company's stock valued at $6,695,000 after purchasing an additional 34,880 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of AerSale by 22.4% during the 4th 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of AerSale by 3.9% during the 4th quarter. Northern Trust Corp now owns 277,102 shares of the company's stock valued at $1,746,000 after purchasing an additional 10,401 shares in the last quarter. Institutional investors own 69.48% of the company's stock.

AerSale Trading Down 3.4%

Shares of AerSale stock opened at $8.49 on Monday. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The stock has a market cap of $400.56 million, a P/E ratio of 60.64 and a beta of 0.27. AerSale Corporation has a 12-month low of $4.53 and a 12-month high of $9.12. The business's 50 day moving average is $7.42 and its 200-day moving average is $6.99.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen lowered AerSale from a "strong-buy" rating to a "buy" rating in a research report on Friday, September 5th. Zacks Research raised AerSale from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 9th. Truist Financial lowered AerSale from a "buy" rating to a "hold" rating and dropped their target price for the company from $8.00 to $6.00 in a research report on Friday, July 11th. Finally, Royal Bank Of Canada lifted their target price on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $7.00.

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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