Russell Investments Group Ltd. Purchases 77,854 Shares of 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. grew its holdings in shares of AerSale Corporation (NASDAQ:ASLE - Free Report) by 40.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 268,632 shares of the company's stock after purchasing an additional 77,854 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.57% of AerSale worth $2,027,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of AerSale during the 1st quarter valued at about $1,966,000. Aigen Investment Management LP purchased a new stake in shares of AerSale during the 1st quarter valued at about $126,000. Virtu Financial LLC purchased a new stake in AerSale in the 1st quarter worth approximately $311,000. Invesco Ltd. increased its holdings in AerSale by 51.8% in the 1st quarter. Invesco Ltd. now owns 89,215 shares of the company's stock worth $668,000 after acquiring an additional 30,451 shares in the last quarter. Finally, Private Management Group Inc. increased its holdings in AerSale by 7.3% in the 1st quarter. Private Management Group Inc. now owns 1,191,512 shares of the company's stock worth $8,924,000 after acquiring an additional 81,378 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.

AerSale Price Performance

ASLE stock traded down $0.25 during midday trading on Friday, hitting $8.63. The company's stock had a trading volume of 378,137 shares, compared to its average volume of 617,865. AerSale Corporation has a 12 month low of $4.53 and a 12 month high of $9.12. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $407.16 million, a price-to-earnings ratio of 61.64 and a beta of 0.24. The company has a 50 day moving average of $6.93 and a two-hundred day moving average of $6.88.

Wall Street Analysts Forecast Growth

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

AerSale 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).