AerSale (NASDAQ:ASLE) Raised to “Hold” at TD Cowen

AerSale (NASDAQ:ASLE) was upgraded by research analysts at TD Cowen to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Truist Financial reduced their target price on AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, October 18th.

AerSale Trading Up 1.3 %

Shares of AerSale stock opened at $6.20 on Thursday. AerSale has a 12-month low of $4.53 and a 12-month high of $13.43. The company has a market cap of $329.91 million, a P/E ratio of 620.62 and a beta of 0.28. The company’s fifty day simple moving average is $5.84 and its two-hundred day simple moving average is $5.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASLE. nVerses Capital LLC boosted its holdings in shares of AerSale by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after acquiring an additional 2,100 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in AerSale by 33.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after acquiring an additional 3,531 shares during the period. American Century Companies Inc. boosted its position in AerSale by 12.8% in the second quarter. American Century Companies Inc. now owns 36,480 shares of the company’s stock worth $252,000 after purchasing an additional 4,134 shares during the last quarter. Rhumbline Advisers grew its stake in shares of AerSale by 11.7% during the 2nd quarter. Rhumbline Advisers now owns 51,996 shares of the company’s stock valued at $360,000 after purchasing an additional 5,463 shares during the period. Finally, State Street Corp boosted its holdings in shares of AerSale by 1.1% in the third quarter. State Street Corp now owns 660,553 shares of the company’s stock worth $3,336,000 after buying an additional 7,036 shares during the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

About AerSale

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).