AerSale Corporation $ASLE Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its stake in AerSale Corporation by 68.5%, now holding 346,411 shares valued at around $2.6 million.
• Several institutional investors have increased their stakes in AerSale, with GAMMA Investing LLC growing its holdings by 3,427.5%, now owning 4,621 shares valued at approximately $35,000.
• Analysts have varied opinions on AerSale, with Royal Bank of Canada raising its target price to $8.00, while Truist Financial decreased its rating and target price to $6.00.

Alyeska Investment Group L.P. reduced its stake in AerSale Corporation (NASDAQ:ASLE - Free Report) by 68.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 346,411 shares of the company's stock after selling 753,589 shares during the quarter. Alyeska Investment Group L.P. owned about 0.74% of AerSale worth $2,595,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in AerSale by 3,427.5% in the 1st quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock worth $35,000 after buying an additional 4,490 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in AerSale by 37.8% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company's stock worth $41,000 after buying an additional 1,519 shares during the period. SBI Securities Co. Ltd. increased its position in shares of AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock worth $50,000 after acquiring an additional 3,100 shares during the last quarter. Quantbot Technologies LP raised its position in shares of AerSale by 133.1% in the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock valued at $56,000 after purchasing an additional 4,282 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in AerSale by 25.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock valued at $84,000 after acquiring an additional 2,665 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company's stock.

Wall Street Analysts Forecast Growth

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

AerSale Stock Performance

AerSale stock traded up $0.40 during mid-day trading on Thursday, hitting $8.79. 637,427 shares of the company's stock traded hands, compared to its average volume of 473,699. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. AerSale Corporation has a one year low of $4.53 and a one year high of $9.12. The firm has a 50 day moving average price of $7.38 and a 200 day moving average price of $6.98. The company has a market cap of $414.71 million, a PE ratio of 62.79 and a beta of 0.27.

AerSale Company 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).