Raffles Associates LP Has $2.87 Million Position in AerSale Co. (NASDAQ:ASLE)

Raffles Associates LP boosted its position in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 295.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 455,000 shares of the company's stock after purchasing an additional 340,000 shares during the quarter. AerSale comprises 3.1% of Raffles Associates LP's holdings, making the stock its 11th biggest position. Raffles Associates LP owned 0.86% of AerSale worth $2,866,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in AerSale by 25.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,277 shares of the company's stock worth $84,000 after buying an additional 2,665 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in AerSale by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company's stock worth $3,269,000 after acquiring an additional 3,235 shares during the last quarter. American Century Companies Inc. boosted its stake in AerSale by 9.4% during the 4th quarter. American Century Companies Inc. now owns 47,173 shares of the company's stock worth $297,000 after acquiring an additional 4,068 shares during the last quarter. Wells Fargo & Company MN grew its holdings in AerSale by 20.1% during the fourth quarter. Wells Fargo & Company MN now owns 24,701 shares of the company's stock valued at $156,000 after purchasing an additional 4,140 shares during the period. Finally, Spire Wealth Management bought a new stake in AerSale in the fourth quarter valued at approximately $27,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price objective on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th.

AerSale Stock Performance

ASLE stock traded down $0.11 during mid-day trading on Monday, hitting $7.00. 236,548 shares of the company were exchanged, compared to its average volume of 403,356. The firm has a market cap of $328.02 million, a P/E ratio of 700.70 and a beta of 0.30. AerSale Co. has a 1-year low of $4.53 and a 1-year high of $9.40. The firm's 50 day simple moving average is $7.38 and its 200 day simple moving average is $6.66.

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).