Russell Investments Group Ltd. Increases Holdings in AerSale Corporation $ASLE

Key Points

• Russell Investments Group Ltd. has increased its holdings in AerSale Corporation by 40.8%, now owning approximately 268,632 shares valued at $2.03 million.
• Institutional investors and hedge funds currently own about 69.48% of AerSale's stock, reflecting significant interest from major financial players.
• Several analysts have provided mixed ratings on AerSale's stock, with a consensus rating of "Hold" and a price target around $7.00.

Russell Investments Group Ltd. boosted its stake in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) by 40.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 268,632 shares of the company's stock after purchasing an additional 77,854 shares during the period. Russell Investments Group Ltd. owned approximately 0.57% of AerSale worth $2,027,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Nuveen Asset Management LLC increased its holdings in AerSale by 22.4% in the fourth quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company's stock valued at $3,609,000 after buying an additional 104,663 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in AerSale in the 4th quarter worth about $377,000. Private Management Group Inc. boosted its position in AerSale by 7.3% during the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock worth $8,924,000 after purchasing an additional 81,378 shares in the last quarter. GAMMA Investing LLC grew its holdings in AerSale by 3,427.5% in the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company's stock valued at $35,000 after purchasing an additional 4,490 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of AerSale in the fourth quarter valued at approximately $261,000. Hedge funds and other institutional investors own 69.48% of the company's stock.

AerSale Price Performance

Shares of NASDAQ ASLE traded down $0.25 during mid-day trading on Monday, reaching $8.63. The company's stock had a trading volume of 378,137 shares, compared to its average volume of 619,608. The stock has a 50-day moving average of $6.99 and a two-hundred day moving average of $6.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.82 and a current ratio of 3.87. The stock has a market capitalization of $407.16 million, a P/E ratio of 61.64 and a beta of 0.27. AerSale Corporation has a 1-year low of $4.53 and a 1-year high of $9.12.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports 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 lowered shares of AerSale from a "buy" rating to a "hold" rating and dropped 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 shares of AerSale from a "sell" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.00.

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).