Russell Investments Group Ltd. reduced its stake in shares of AerSale Co. (NASDAQ:ASLE - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,778 shares of the company's stock after selling 311,217 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.36% of AerSale worth $1,202,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ASLE. Spire Wealth Management purchased a new stake in AerSale in the 4th quarter worth approximately $27,000. Bfsg LLC purchased a new stake in shares of AerSale during the fourth quarter worth $68,000. Franklin Resources Inc. acquired a new stake in AerSale during the fourth quarter valued at $75,000. Virtu Financial LLC acquired a new stake in AerSale during the third quarter valued at $82,000. Finally, Bleakley Financial Group LLC purchased a new position in AerSale in the fourth quarter valued at about $86,000. 69.48% of the stock is owned by hedge funds and other institutional investors.
AerSale Stock Up 0.8 %
Shares of ASLE traded up $0.05 during mid-day trading on Friday, hitting $6.60. 43,566 shares of the company's stock were exchanged, compared to its average volume of 400,844. The stock has a market cap of $351.85 million, a price-to-earnings ratio of 658.16 and a beta of 0.27. The firm has a fifty day moving average of $7.38 and a two-hundred day moving average of $6.55. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $9.40.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised their price target on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research note on Friday, March 7th.
Get Our Latest Stock Analysis on ASLE
About AerSale
(
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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