Sherbrooke Park Advisers LLC lowered its stake in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 75.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,961 shares of the company's stock after selling 78,184 shares during the period. Sherbrooke Park Advisers LLC's holdings in AerSale were worth $157,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. M3F Inc. acquired a new position in AerSale during the fourth quarter valued at approximately $9,941,000. Private Management Group Inc. purchased a new position in shares of AerSale in the 4th quarter valued at $6,994,000. Alyeska Investment Group L.P. lifted its holdings in shares of AerSale by 105.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock valued at $6,930,000 after acquiring an additional 565,017 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of AerSale by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 779,980 shares of the company's stock valued at $4,915,000 after acquiring an additional 17,311 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in AerSale by 22.4% during the 4th quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company's stock worth $3,609,000 after purchasing an additional 104,663 shares during the period. Institutional investors and hedge funds own 69.48% of the company's stock.
Analyst Ratings Changes
ASLE has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Wall Street Zen downgraded AerSale from a "hold" rating to a "sell" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, AerSale has an average rating of "Hold" and a consensus target price of $8.67.
Check Out Our Latest Report on AerSale
AerSale Trading Up 0.3%
NASDAQ:ASLE traded up $0.02 on Monday, reaching $5.86. The stock had a trading volume of 269,018 shares, compared to its average volume of 410,265. The company has a 50-day moving average of $6.98 and a 200 day moving average of $6.74. The stock has a market cap of $274.60 million, a P/E ratio of 586.59 and a beta of 0.30. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $8.76.
AerSale Company Profile
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Free Report)
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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