Russell Investments Group Ltd. Grows Stock Position in AerSale Co. (NASDAQ:ASLE)

Russell Investments Group Ltd. boosted its stake in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 71.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 411,277 shares of the company's stock after acquiring an additional 170,958 shares during the period. Russell Investments Group Ltd. owned 0.78% of AerSale worth $5,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in AerSale by 19.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,034 shares of the company's stock worth $180,000 after acquiring an additional 1,952 shares during the period. Advisors Asset Management Inc. increased its stake in shares of AerSale by 6.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 45,512 shares of the company's stock valued at $680,000 after purchasing an additional 2,789 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of AerSale by 1.2% in the 4th quarter. New York State Common Retirement Fund now owns 269,436 shares of the company's stock valued at $3,420,000 after purchasing an additional 3,285 shares during the last quarter. Equitable Trust Co. boosted its holdings in shares of AerSale by 12.1% during the 4th quarter. Equitable Trust Co. now owns 55,265 shares of the company's stock valued at $702,000 after acquiring an additional 5,960 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in AerSale by 12.2% during the 3rd quarter. Swiss National Bank now owns 56,300 shares of the company's stock worth $841,000 after buying an additional 6,100 shares during the period. Institutional investors own 69.48% of the company's stock.

AerSale Stock Down 3.5 %

AerSale stock traded down $0.29 during midday trading on Friday, reaching $7.96. The stock had a trading volume of 580,352 shares, compared to its average volume of 585,816. The company has a current ratio of 5.79, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $7.34 and a two-hundred day moving average price of $10.56. The company has a market capitalization of $421.96 million, a P/E ratio of -63.46 and a beta of 0.23. AerSale Co. has a 12 month low of $6.26 and a 12 month high of $16.98.

AerSale (NASDAQ:ASLE - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.48). AerSale had a negative net margin of 1.66% and a negative return on equity of 1.82%. The firm had revenue of $94.42 million during the quarter, compared to analysts' expectations of $158.30 million. As a group, equities analysts expect that AerSale Co. will post 0.32 EPS for the current fiscal year.

Insider Activity at AerSale

In other news, insider Nicolas Finazzo bought 35,277 shares of AerSale stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $7.52 per share, with a total value of $265,283.04. Following the completion of the purchase, the insider now directly owns 4,392,204 shares in the company, valued at $33,029,374.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 48,077 shares of company stock valued at $352,363 over the last 90 days. 37.30% of the stock is owned by insiders.

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).