Bourgeon Capital Management LLC reduced its position in AerSale Co. (NASDAQ:ASLE - Free Report) by 78.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,091 shares of the company's stock after selling 135,700 shares during the period. Bourgeon Capital Management LLC owned approximately 0.07% of AerSale worth $278,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in AerSale in the fourth quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in AerSale by 3,427.5% in the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock valued at $35,000 after acquiring an additional 4,490 shares in the last quarter. Bfsg LLC acquired a new position in AerSale during the 4th quarter worth $68,000. Franklin Resources Inc. bought a new stake in shares of AerSale in the 4th quarter worth about $75,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of AerSale by 25.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock valued at $84,000 after purchasing an additional 2,665 shares in the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Wall Street Zen downgraded AerSale from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Royal Bank of Canada lowered their price objective on AerSale from $8.00 to $7.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.67.
Check Out Our Latest Report on AerSale
AerSale Price Performance
ASLE stock traded up $0.05 on Wednesday, reaching $6.03. The company's stock had a trading volume of 266,977 shares, compared to its average volume of 405,948. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $8.76. The firm has a fifty day moving average of $6.65 and a two-hundred day moving average of $6.74. The company has a market capitalization of $282.57 million, a P/E ratio of 603.60 and a beta of 0.23.
AerSale Company Profile
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Free Report)
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).
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