Vanguard Group Inc. Raises Stock Holdings in AerSale Co. (NASDAQ:ASLE)

Vanguard Group Inc. raised its position in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 17.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,415,492 shares of the company's stock after purchasing an additional 209,409 shares during the quarter. Vanguard Group Inc. owned 2.76% of AerSale worth $21,147,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Wesbanco Bank Inc. lifted its holdings in shares of AerSale by 117.7% in the third quarter. Wesbanco Bank Inc. now owns 81,828 shares of the company's stock worth $1,223,000 after buying an additional 44,236 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of AerSale by 81.2% in the third quarter. Citigroup Inc. now owns 14,902 shares of the company's stock worth $223,000 after buying an additional 6,677 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of AerSale by 22.1% in the third quarter. Deutsche Bank AG now owns 10,584 shares of the company's stock worth $158,000 after buying an additional 1,919 shares in the last quarter. Ranger Investment Management L.P. lifted its holdings in shares of AerSale by 38.1% in the third quarter. Ranger Investment Management L.P. now owns 1,449,459 shares of the company's stock worth $21,655,000 after buying an additional 400,249 shares in the last quarter. Finally, Sei Investments Co. increased its position in AerSale by 23.8% in the third quarter. Sei Investments Co. now owns 22,924 shares of the company's stock worth $342,000 after purchasing an additional 4,400 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company's stock.

AerSale Price Performance

ASLE traded up $0.06 during trading hours on Friday, hitting $6.93. The company's stock had a trading volume of 440,777 shares, compared to its average volume of 502,296. The business's 50-day moving average price is $8.16 and its 200-day moving average price is $11.59. AerSale Co. has a 12 month low of $6.59 and a 12 month high of $17.92. The stock has a market cap of $367.22 million, a price-to-earnings ratio of -53.31 and a beta of 0.23. The company has a current ratio of 5.79, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02.

AerSale (NASDAQ:ASLE - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.48). AerSale had a negative return on equity of 1.82% and a negative net margin of 1.66%. The business had revenue of $94.42 million during the quarter, compared to the consensus estimate of $158.30 million. Sell-side analysts expect that AerSale Co. will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at AerSale

In other news, insider Nicolas Finazzo acquired 35,277 shares of the business's stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $7.52 per share, for a total transaction of $265,283.04. Following the completion of the transaction, the insider now directly owns 4,392,204 shares of the company's stock, valued at approximately $33,029,374.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought 48,077 shares of company stock worth $352,363 over the last quarter. Insiders own 50.60% of the company's stock.

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).