AerSale Corporation $ASLE Holdings Increased by M3F Inc.

Key Points

• M3F Inc. has significantly increased its stake in AerSale Corporation by 97.7% during the first quarter, now holding approximately 3,119,698 shares worth $23.37 million, making it the firm's 5th largest position.
• Several institutional investors have also increased their positions in AerSale, with 69.48% of the stock owned by hedge funds and other institutions.
• AerSale's stock has seen analyst ratings vary, with some upgrading the stock to a "strong-buy" while others downgraded it to "hold", leading to a consensus rating of "Hold" and an average target price of $7.00.

M3F Inc. boosted its holdings in AerSale Corporation (NASDAQ:ASLE - Free Report) by 97.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,119,698 shares of the company's stock after purchasing an additional 1,541,724 shares during the quarter. AerSale makes up approximately 6.4% of M3F Inc.'s holdings, making the stock its 5th biggest position. M3F Inc. owned 6.66% of AerSale worth $23,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. boosted its position 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 valued at $41,000 after acquiring an additional 1,519 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 valued at $84,000 after acquiring an additional 2,665 shares during the last quarter. SBI Securities Co. Ltd. boosted its position 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 valued at $50,000 after acquiring an additional 3,100 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of AerSale by 0.6% during the 4th 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. Finally, Wells Fargo & Company MN boosted its position in shares of AerSale by 20.1% during the 4th 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. 69.48% of the stock is currently owned by institutional investors.

AerSale Trading Down 3.2%

NASDAQ:ASLE traded down $0.28 during midday trading on Tuesday, hitting $8.36. 126,520 shares of the company traded hands, compared to its average volume of 429,641. The firm's fifty day moving average is $6.99 and its 200-day moving average is $6.89. AerSale Corporation has a 12-month low of $4.53 and a 12-month high of $9.12. The firm has a market capitalization of $394.19 million, a P/E ratio of 59.68 and a beta of 0.27. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ASLE. Royal Bank Of Canada increased their target price on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Truist Financial downgraded AerSale from a "buy" rating to a "hold" rating and lowered their target price for the company from $8.00 to $6.00 in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded AerSale from a "sell" rating to a "strong-buy" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, AerSale currently has an average 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).