AerSale Corporation $ASLE Shares Purchased by Private Management Group Inc.

Private Management Group Inc. boosted its holdings in AerSale Corporation (NASDAQ:ASLE) by 168.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,974,446 shares of the company’s stock after buying an additional 1,864,641 shares during the period. Private Management Group Inc. owned approximately 0.06% of AerSale worth $15,586,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of AerSale during the second quarter worth approximately $17,358,000. Dimensional Fund Advisors LP grew its stake in shares of AerSale by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,397,416 shares of the company’s stock worth $8,691,000 after acquiring an additional 110,360 shares during the last quarter. Raffles Associates LP acquired a new stake in shares of AerSale in the second quarter worth $2,907,000. Bank of New York Mellon Corp acquired a new stake in shares of AerSale in the second quarter worth $970,000. Finally, Squarepoint Ops LLC increased its position in AerSale by 9.9% during the second quarter. Squarepoint Ops LLC now owns 148,674 shares of the company’s stock worth $940,000 after acquiring an additional 13,417 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Trading Up 10.2%

AerSale stock opened at $5.06 on Tuesday. The business has a 50 day moving average price of $5.10 and a two-hundred day moving average price of $6.19. The company has a quick ratio of 0.76, a current ratio of 3.27 and a debt-to-equity ratio of 0.01. AerSale Corporation has a 12 month low of $4.52 and a 12 month high of $7.93. The stock has a market cap of $241.51 million, a price-to-earnings ratio of -12.97 and a beta of 0.23.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.13). The firm had revenue of $91.56 million for the quarter, compared to analyst estimates of $91.22 million. AerSale had a negative return on equity of 0.27% and a negative net margin of 1.23%. As a group, equities analysts forecast that AerSale Corporation will post 0.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. B. Riley Financial cut their target price on shares of AerSale from $6.00 to $5.50 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of AerSale in a report on Wednesday, August 12th. Wall Street Zen lowered shares of AerSale from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Royal Bank Of Canada dropped their price objective on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Monday, August 10th. Finally, Zacks Research raised shares of AerSale from a “strong sell” rating to a “hold” rating in a research report on Friday, October 9th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $6.25.

AerSale Profile

AerSale Corporation (NASDAQ:ASLE) is an aviation aftermarket company that provides products and services to commercial airlines, aircraft leasing companies, original equipment manufacturers, government agencies and other aviation customers. The company focuses primarily on commercial aircraft and engines, including aircraft sales and leasing support, component sourcing, and related asset management services.

AerSale also operates maintenance, repair and overhaul capabilities for aircraft, engines and components.