AerSale Co. (NASDAQ:ASLE) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in AerSale Co. (NASDAQ:ASLE) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 762,669 shares of the company’s stock after purchasing an additional 11,304 shares during the period. Geode Capital Management LLC owned 1.43% of AerSale worth $3,852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASLE. Millennium Management LLC lifted its holdings in shares of AerSale by 520.7% during the 2nd quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock worth $4,026,000 after acquiring an additional 488,081 shares during the period. Raffles Associates LP purchased a new position in AerSale during the second quarter worth approximately $692,000. Marshall Wace LLP boosted its holdings in shares of AerSale by 683.1% in the 2nd quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock valued at $1,435,000 after purchasing an additional 180,860 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of AerSale by 33.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after buying an additional 3,531 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of AerSale by 12.8% during the 2nd quarter. American Century Companies Inc. now owns 36,480 shares of the company’s stock worth $252,000 after buying an additional 4,134 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Trading Down 1.8 %

Shares of AerSale stock opened at $6.12 on Tuesday. The company has a fifty day moving average price of $6.06 and a 200 day moving average price of $5.81. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $11.64. The stock has a market cap of $325.65 million, a price-to-earnings ratio of 612.61 and a beta of 0.27.

Analyst Ratings Changes

A number of research analysts recently weighed in on ASLE shares. 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. TD Cowen raised AerSale to a “hold” rating in a research note on Thursday, December 19th.

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).