Meros Investment Management LP Decreases Stock Holdings in AerSale Corporation $ASLE

Key Points

• Meros Investment Management LP sold 98,156 shares of AerSale Corporation, reducing its stake by 22.9%, now owning approximately 0.70% of the company valued at $2.47 million.
• Institutional investors own 69.48% of AerSale's stock, with other major investors increasing their holdings, including American Century Companies Inc., which raised its investment by 87.4%.
• Wall Street analysts have mixed ratings for AerSale, with Royal Bank of Canada raising its price target to $8.00, while Truist Financial downgraded its rating and cut the price target to $6.00.

Meros Investment Management LP lowered its holdings in AerSale Corporation (NASDAQ:ASLE - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,569 shares of the company's stock after selling 98,156 shares during the period. Meros Investment Management LP owned approximately 0.70% of AerSale worth $2,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M3F Inc. purchased a new stake in AerSale during the 4th quarter valued at $9,941,000. Alyeska Investment Group L.P. increased its stake in 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 purchasing an additional 565,017 shares in the last quarter. Raffles Associates LP increased its stake in AerSale by 295.7% during the 4th quarter. Raffles Associates LP now owns 455,000 shares of the company's stock valued at $2,866,000 after purchasing an additional 340,000 shares in the last quarter. Nuveen LLC bought a new stake in AerSale during the 1st quarter valued at about $1,966,000. Finally, Brandywine Global Investment Management LLC bought a new stake in AerSale during the 1st quarter valued at about $1,450,000. Institutional investors own 69.48% of the company's stock.

Analyst Upgrades and Downgrades

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

AerSale Stock Down 0.2%

Shares of ASLE traded down $0.02 during mid-day trading on Tuesday, hitting $8.81. 430,307 shares of the company traded hands, compared to its average volume of 504,046. AerSale Corporation has a 1-year low of $4.53 and a 1-year high of $8.99. 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 company has a market capitalization of $415.66 million, a PE ratio of 44.15 and a beta of 0.24. The business has a 50 day moving average of $6.40 and a 200 day moving average of $6.76.

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).