AerSale Co. (NASDAQ:ASLE) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in AerSale Co. (NASDAQ:ASLE) by 33.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,027 shares of the company’s stock after purchasing an additional 3,531 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in AerSale were worth $97,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ASLE. Janus Henderson Group PLC raised its holdings in AerSale by 21.1% in the first quarter. Janus Henderson Group PLC now owns 2,167,215 shares of the company’s stock valued at $15,560,000 after buying an additional 377,397 shares during the period. Private Capital Management LLC increased its position in shares of AerSale by 27.4% in the first quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock worth $13,280,000 after acquiring an additional 398,200 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of AerSale by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 1,601,916 shares of the company’s stock valued at $11,502,000 after acquiring an additional 63,615 shares during the period. 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 valued at $4,026,000 after acquiring an additional 488,081 shares in the last quarter. Finally, Bourgeon Capital Management LLC boosted its position in AerSale by 83.9% during the 1st quarter. Bourgeon Capital Management LLC now owns 292,291 shares of the company’s stock worth $2,099,000 after purchasing an additional 133,315 shares during the period. 69.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

AerSale Price Performance

Shares of ASLE stock opened at $5.33 on Monday. The company’s fifty day moving average price is $5.05 and its two-hundred day moving average price is $6.29. The firm has a market capitalization of $282.54 million, a P/E ratio of -533.00 and a beta of 0.23. AerSale Co. has a 12 month low of $4.53 and a 12 month high of $16.69.

AerSale (NASDAQ:ASLE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). AerSale had a negative net margin of 0.07% and a negative return on equity of 0.95%. The business had revenue of $77.10 million during the quarter, compared to analysts’ expectations of $87.66 million. During the same period in the prior year, the company posted ($0.08) EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts anticipate that AerSale Co. will post 0.21 EPS for the current year.

Insider Buying and Selling

In related news, insider Nicolas Finazzo acquired 20,000 shares of AerSale stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $5.36 per share, for a total transaction of $107,200.00. Following the purchase, the insider now directly owns 37,000 shares of the company’s stock, valued at $198,320. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 37.30% of the company’s stock.

AerSale 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).