AerSale Corporation $ASLE Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in AerSale Corporation by 18.4%, selling over 43,000 shares during the first quarter, leaving them with 191,339 shares worth approximately $1.43 million.
• Several institutional investors have increased their holdings in AerSale, with GAMMA Investing LLC raising its stake by an impressive 3,427.5% during the same period.
• According to analyst reports, AerSale's stock rating has shifted, with Truist Financial downgrading it to "hold" and adjusting their price target to $6.00, while Royal Bank Of Canada raised their target to $8.00.

Trexquant Investment LP cut its stake in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) by 18.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 191,339 shares of the company's stock after selling 43,101 shares during the period. Trexquant Investment LP owned 0.41% of AerSale worth $1,433,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of AerSale by 3,427.5% during the 1st 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 period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of AerSale by 37.8% during the 1st 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 period. SBI Securities Co. Ltd. grew its stake in shares of AerSale by 85.4% during the 1st 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 period. Quantbot Technologies LP grew its stake in shares of AerSale by 133.1% during the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock valued at $56,000 after buying an additional 4,282 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in AerSale by 25.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock worth $84,000 after purchasing an additional 2,665 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Stock Up 4.8%

ASLE stock traded up $0.40 during trading on Thursday, reaching $8.79. The stock had a trading volume of 637,427 shares, compared to its average volume of 473,699. AerSale Corporation has a 1-year low of $4.53 and a 1-year high of $9.12. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $414.71 million, a P/E ratio of 62.79 and a beta of 0.27. The firm has a fifty day moving average price of $7.38 and a 200 day moving average price of $6.98.

Analyst Upgrades and Downgrades

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

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).