Algert Global LLC Makes New $423,000 Investment in AerSale Corporation $ASLE

Key Points

• Algert Global LLC has acquired a new stake in AerSale Corporation, purchasing 56,510 shares valued at approximately $423,000, indicating growing interest among institutional investors.
• AerSale's stock has recently been upgraded by analysts, with ratings changing from "sell" to "strong-buy," although it currently holds a consensus rating of "Hold" with a price target of $7.00.
• The company's stock opened at $8.90, showing a modest increase of 0.6%, with a 52-week low of $4.53 and a high of $9.08, reflecting its market volatility.

Algert Global LLC acquired a new stake in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 56,510 shares of the company's stock, valued at approximately $423,000. Algert Global LLC owned about 0.12% of AerSale at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of AerSale by 87.4% during the first quarter. American Century Companies Inc. now owns 88,404 shares of the company's stock valued at $662,000 after buying an additional 41,231 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of AerSale during the first quarter valued at about $1,450,000. Russell Investments Group Ltd. grew its stake in shares of AerSale by 40.8% during the first quarter. Russell Investments Group Ltd. now owns 268,632 shares of the company's stock valued at $2,027,000 after buying an additional 77,854 shares during the last quarter. Nuveen LLC bought a new position in shares of AerSale during the first quarter valued at about $1,966,000. Finally, Aigen Investment Management LP bought a new position in shares of AerSale during the first quarter valued at about $126,000. 69.48% of the stock is owned by institutional investors.

AerSale Trading Down 2.8%

Shares of NASDAQ ASLE traded down $0.25 during trading hours on Friday, hitting $8.63. The company's stock had a trading volume of 378,137 shares, compared to its average volume of 617,865. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. The stock has a market cap of $407.16 million, a price-to-earnings ratio of 61.64 and a beta of 0.24. AerSale Corporation has a 12 month low of $4.53 and a 12 month high of $9.12. The business has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $6.88.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASLE. Wall Street Zen raised AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Royal Bank Of Canada raised their price objective on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Truist Financial cut 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, AerSale has an average rating of "Hold" and a consensus 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).