BNP Paribas Financial Markets Makes New Investment in AerSale Co. (NASDAQ:ASLE)

BNP Paribas Financial Markets bought a new position in AerSale Co. (NASDAQ:ASLE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 59,914 shares of the company's stock, valued at approximately $377,000. BNP Paribas Financial Markets owned 0.11% of AerSale as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of ASLE. Price T Rowe Associates Inc. MD increased its position in AerSale by 25.1% during 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 during the last quarter. Dimensional Fund Advisors LP increased its position in AerSale by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company's stock valued at $3,269,000 after acquiring an additional 3,235 shares during the last quarter. American Century Companies Inc. increased its position in AerSale by 9.4% during the fourth quarter. American Century Companies Inc. now owns 47,173 shares of the company's stock valued at $297,000 after acquiring an additional 4,068 shares during the last quarter. Wells Fargo & Company MN increased its position in AerSale by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 24,701 shares of the company's stock valued at $156,000 after acquiring an additional 4,140 shares during the last quarter. Finally, Spire Wealth Management bought a new position in AerSale during the fourth quarter valued at $27,000. Institutional investors own 69.48% of the company's stock.

AerSale Price Performance

ASLE stock traded up $0.01 during mid-day trading on Friday, reaching $5.98. The company had a trading volume of 14,346 shares, compared to its average volume of 407,753. The company has a market capitalization of $280.41 million, a PE ratio of 598.50 and a beta of 0.30. The firm has a 50 day moving average of $6.80 and a 200 day moving average of $6.74. AerSale Co. has a 12 month low of $4.53 and a 12 month high of $8.76.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASLE. Royal Bank of Canada cut their price objective on shares of AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut shares of AerSale from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, AerSale presently has an average rating of "Hold" and a consensus price target of $8.67.

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).