Raymond James Financial Inc. bought a new position in shares of AerSale Co. (NASDAQ:ASLE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 41,505 shares of the company's stock, valued at approximately $261,000. Raymond James Financial Inc. owned approximately 0.08% of AerSale as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ASLE. Private Management Group Inc. acquired a new stake in shares of AerSale in the fourth quarter valued at approximately $6,994,000. Peapod Lane Capital LLC purchased a new stake in AerSale in the 4th quarter valued at approximately $2,499,000. Trexquant Investment LP grew its holdings in AerSale by 67.4% during the 4th quarter. Trexquant Investment LP now owns 234,440 shares of the company's stock valued at $1,477,000 after buying an additional 94,397 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in AerSale during the fourth quarter worth $406,000. Finally, JPMorgan Chase & Co. increased its position in AerSale by 58.0% during the fourth quarter. JPMorgan Chase & Co. now owns 108,564 shares of the company's stock worth $684,000 after buying an additional 39,854 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company's stock.
AerSale Stock Performance
NASDAQ ASLE traded up $0.14 during mid-day trading on Wednesday, reaching $6.24. 465,073 shares of the stock were exchanged, compared to its average volume of 407,595. The business's fifty day simple moving average is $7.31 and its 200 day simple moving average is $6.70. The stock has a market capitalization of $292.41 million, a PE ratio of 624.62 and a beta of 0.30. AerSale Co. has a 1-year low of $4.53 and a 1-year high of $8.76.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada decreased their price objective on AerSale from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th.
Read Our Latest Stock Analysis on AerSale
AerSale Profile
(
Free Report)
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).
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