AerSale Corporation $ASLE Shares Bought by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in AerSale Corporation by 4.1%, owning approximately 1.91% of the company, worth $6.70 million after acquiring additional shares.
• Several other institutional investors also significantly boosted their holdings in AerSale, with combined institutional ownership at 69.48%.
• Research analysts have recently adjusted their ratings on AerSale, with some lowering price targets and others upgrading their assessments, resulting in an average price target of $7.00 for the stock.

Hotchkis & Wiley Capital Management LLC grew its holdings in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 893,850 shares of the company's stock after purchasing an additional 34,880 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 1.91% of AerSale worth $6,695,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of AerSale by 3,427.5% during the 1st quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock worth $35,000 after purchasing an additional 4,490 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of 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 last quarter. SBI Securities Co. Ltd. increased its holdings in shares of AerSale by 85.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company's stock worth $50,000 after buying an additional 3,100 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of AerSale by 133.1% during the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock worth $56,000 after buying an additional 4,282 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of AerSale by 25.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock worth $84,000 after buying an additional 2,665 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.

AerSale Stock Performance

NASDAQ ASLE traded down $0.25 during trading hours on Friday, reaching $8.63. The company's stock had a trading volume of 378,137 shares, compared to its average volume of 619,608. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $6.93 and a 200 day simple moving average of $6.88. AerSale Corporation has a 52 week low of $4.53 and a 52 week high of $9.12. The stock has a market cap of $407.16 million, a PE ratio of 61.64 and a beta of 0.27.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. Royal Bank Of Canada increased their price target on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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).