SG Americas Securities LLC Acquires New Holdings in AerSale Co. (NASDAQ:ASLE)

SG Americas Securities LLC bought a new position in shares of AerSale Co. (NASDAQ:ASLE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,665 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of AerSale during the 1st quarter valued at $856,000. Private Capital Management LLC boosted its stake in shares of AerSale by 27.4% during the first quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock valued at $13,280,000 after purchasing an additional 398,200 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of AerSale by 21.1% during the first quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company’s stock worth $15,560,000 after purchasing an additional 377,397 shares during the last quarter. Millennium Management LLC increased its stake in shares of AerSale by 520.7% in the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after buying an additional 488,081 shares during the period. Finally, Raffles Associates LP bought a new position in AerSale in the 2nd quarter valued at approximately $692,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Trading Up 4.5 %

Shares of AerSale stock opened at $5.53 on Tuesday. The company has a market cap of $293.14 million, a P/E ratio of -553.00 and a beta of 0.23. The business has a 50-day moving average price of $5.08 and a two-hundred day moving average price of $6.22. AerSale Co. has a 1-year low of $4.53 and a 1-year high of $16.69.

AerSale (NASDAQ:ASLE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). The business had revenue of $77.10 million during the quarter, compared to the consensus estimate of $87.66 million. AerSale had a negative return on equity of 0.95% and a negative net margin of 0.07%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Equities research analysts forecast that AerSale Co. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ASLE. Stifel Nicolaus dropped their price target on shares of AerSale from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada cut their target price on AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial decreased their price target on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 18th.

Insider Transactions at AerSale

In other news, insider Nicolas Finazzo purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $5.36 per share, with a total value of $107,200.00. Following the purchase, the insider now owns 37,000 shares in the company, valued at $198,320. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 37.30% of the company’s stock.

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).