M3F Inc. raised its stake in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) by 97.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,119,698 shares of the company's stock after buying an additional 1,541,724 shares during the period. AerSale makes up 6.4% of M3F Inc.'s portfolio, making the stock its 5th biggest position. M3F Inc. owned about 6.66% of AerSale worth $23,367,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of ASLE. Alyeska Investment Group L.P. boosted its stake in AerSale by 105.6% during the fourth 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 boosted its stake in AerSale by 295.7% during the fourth 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 acquired a new position in shares of AerSale in the 1st quarter worth approximately $1,966,000. Brandywine Global Investment Management LLC acquired a new position in shares of AerSale in the 1st quarter worth approximately $1,450,000. Finally, Nuveen Asset Management LLC grew its stake in shares of AerSale by 22.4% in the 4th quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company's stock worth $3,609,000 after purchasing an additional 104,663 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Truist Financial cut shares of AerSale from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $8.00 to $6.00 in a research note on Friday, July 11th. Wall Street Zen raised shares of AerSale from a "sell" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, AerSale presently has a consensus rating of "Hold" and a consensus target price of $7.00.
Get Our Latest Research Report on ASLE
AerSale Trading Down 2.8%
Shares of ASLE traded down $0.25 during midday trading on Monday, hitting $8.63. The stock had a trading volume of 378,137 shares, compared to its average volume of 619,608. AerSale Corporation has a fifty-two week low of $4.53 and a fifty-two week high of $9.12. The business has a 50-day simple moving average of $6.93 and a two-hundred day simple moving average of $6.88. The firm has a market cap of $407.18 million, a P/E ratio of 61.64 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.
AerSale Profile
(
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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