Brightlight Capital Management LP Has $1.62 Million Stock Holdings in AerSale Corporation $ASLE

Key Points

• Brightlight Capital Management LP has reduced its stake in AerSale Corporation by 67.2%, holding 215,779 shares after selling 441,337 during the first quarter.
• Various institutional investors, including GAMMA Investing LLC and SBI Securities Co. Ltd., have increased their holdings in AerSale, with GAMMA expanding its position by 3,427.5%.
• AerSale's stock received mixed reviews from analysts, with Truist Financial downgrading it to "hold" and a consensus rating of "Hold" across analysts.

Brightlight Capital Management LP reduced its position in AerSale Corporation (NASDAQ:ASLE - Free Report) by 67.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 215,779 shares of the company's stock after selling 441,337 shares during the period. AerSale accounts for approximately 1.1% of Brightlight Capital Management LP's portfolio, making the stock its 9th largest holding. Brightlight Capital Management LP owned approximately 0.46% of AerSale worth $1,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASLE. M3F Inc. raised its stake in AerSale by 97.7% in the 1st quarter. M3F Inc. now owns 3,119,698 shares of the company's stock valued at $23,367,000 after acquiring an additional 1,541,724 shares during the period. Alyeska Investment Group L.P. grew its holdings 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 buying an additional 565,017 shares in the last quarter. Raffles Associates LP grew its holdings 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 buying an additional 340,000 shares in the last quarter. Nuveen LLC purchased a new position in AerSale during the 1st quarter valued at about $1,966,000. Finally, Brandywine Global Investment Management LLC purchased a new position in AerSale during the 1st quarter valued at about $1,450,000. 69.48% of the stock is currently owned by institutional investors.

AerSale Price Performance

ASLE traded up $0.03 during midday trading on Wednesday, hitting $8.46. The stock had a trading volume of 132,865 shares, compared to its average volume of 429,709. The company has a market cap of $398.91 million, a P/E ratio of 60.39 and a beta of 0.27. The business has a fifty day moving average of $7.04 and a 200 day moving average of $6.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. AerSale Corporation has a 1 year low of $4.53 and a 1 year high of $9.12.

Analysts Set New Price Targets

ASLE has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their target price on 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 raised AerSale from a "sell" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Truist Financial lowered AerSale from a "buy" rating to a "hold" rating and cut their price objective for the stock from $8.00 to $6.00 in a report on Friday, July 11th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, AerSale currently has a consensus rating of "Hold" and a consensus price target of $7.00.

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).