Nuveen Asset Management LLC Buys 104,663 Shares of AerSale Co. (NASDAQ:ASLE)

Nuveen Asset Management LLC boosted its position in AerSale Co. (NASDAQ:ASLE - Free Report) by 22.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 572,882 shares of the company's stock after acquiring an additional 104,663 shares during the quarter. Nuveen Asset Management LLC owned 1.08% of AerSale worth $3,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of AerSale by 46.4% in the fourth quarter. SG Americas Securities LLC now owns 17,073 shares of the company's stock valued at $108,000 after purchasing an additional 5,408 shares during the period. Spire Wealth Management acquired a new position in AerSale in the 4th quarter worth $27,000. Private Management Group Inc. purchased a new position in AerSale in the 4th quarter valued at about $6,994,000. Bleakley Financial Group LLC acquired a new stake in shares of AerSale during the fourth quarter valued at about $86,000. Finally, Peapod Lane Capital LLC purchased a new stake in shares of AerSale during the fourth quarter worth about $2,499,000. Hedge funds and other institutional investors own 69.48% of the company's stock.

AerSale Trading Up 3.1%

ASLE stock traded up $0.18 during trading hours on Tuesday, hitting $5.98. 284,318 shares of the stock traded hands, compared to its average volume of 406,368. The stock has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $6.75. The company has a market cap of $280.22 million, a P/E ratio of 598.60 and a beta of 0.30. AerSale Co. has a one year low of $4.53 and a one year high of $8.76.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of AerSale from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Royal Bank of Canada dropped their target price on shares of AerSale from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.67.

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).