Bleakley Financial Group LLC Buys Shares of 13,590 AerSale Co. (NASDAQ:ASLE)

Bleakley Financial Group LLC acquired a new position in AerSale Co. (NASDAQ:ASLE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,590 shares of the company’s stock, valued at approximately $86,000.

A number of other hedge funds also recently modified their holdings of ASLE. Geode Capital Management LLC lifted its position in shares of AerSale by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock worth $3,852,000 after buying an additional 11,304 shares during the period. Private Management Group Inc. acquired a new stake in AerSale during the 4th quarter valued at $6,994,000. Barclays PLC increased its holdings in AerSale by 266.5% during the 3rd quarter. Barclays PLC now owns 44,003 shares of the company’s stock valued at $222,000 after purchasing an additional 31,996 shares in the last quarter. Meros Investment Management LP increased its stake in shares of AerSale by 38.4% in the 3rd quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock valued at $2,271,000 after buying an additional 124,669 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of AerSale by 33.6% in 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. Institutional investors own 69.48% of the company’s stock.

Analyst Ratings Changes

ASLE has been the subject of several analyst reports. Truist Financial decreased their target price on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 18th. TD Cowen raised shares of AerSale to a “hold” rating in a research report on Thursday, December 19th.

AerSale Price Performance

Shares of AerSale stock opened at $7.11 on Thursday. AerSale Co. has a one year low of $4.53 and a one year high of $9.79. The firm has a market cap of $378.33 million, a price-to-earnings ratio of 711.71 and a beta of 0.28. The stock’s 50-day moving average is $6.45 and its 200-day moving average is $5.79.

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).