AerSale Co. (NASDAQ:ASLE) Stake Boosted by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its position in AerSale Co. (NASDAQ:ASLE - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 572,882 shares of the company's stock after buying an additional 104,663 shares during the quarter. Nuveen Asset Management LLC owned about 1.08% of AerSale worth $3,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. M3F Inc. acquired a new position in AerSale in the fourth quarter valued at approximately $9,941,000. Private Management Group Inc. acquired a new position in shares of AerSale during the fourth quarter worth approximately $6,994,000. Alyeska Investment Group L.P. boosted its position in shares of AerSale by 105.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company's stock worth $6,930,000 after buying an additional 565,017 shares during the period. Geode Capital Management LLC boosted its position in shares of AerSale by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 779,980 shares of the company's stock worth $4,915,000 after buying an additional 17,311 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of AerSale by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company's stock worth $3,269,000 after buying an additional 3,235 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Trading Down 3.0%

NASDAQ:ASLE traded down $0.18 during trading hours on Thursday, hitting $5.85. 328,671 shares of the stock traded hands, compared to its average volume of 406,743. The firm has a 50 day moving average price of $6.58 and a 200 day moving average price of $6.74. AerSale Co. has a fifty-two week low of $4.53 and a fifty-two week high of $8.76. The firm has a market cap of $274.13 million, a price-to-earnings ratio of 585.59 and a beta of 0.23.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ASLE shares. Royal Bank of Canada cut their target price on AerSale from $8.00 to $7.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Wall Street Zen cut AerSale from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, AerSale presently has a consensus rating of "Hold" and an average target price of $8.67.

About AerSale

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).