State of Tennessee Treasury Department Takes Position in AerSale Co. (NASDAQ:ASLE)

State of Tennessee Treasury Department purchased a new stake in shares of AerSale Co. (NASDAQ:ASLEGet Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,944 shares of the company’s stock, valued at approximately $141,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nkcfo LLC acquired a new stake in shares of AerSale in the 1st quarter valued at $110,000. New York State Common Retirement Fund lifted its stake in shares of AerSale by 124.2% in the 1st quarter. New York State Common Retirement Fund now owns 11,552 shares of the company’s stock valued at $182,000 after purchasing an additional 6,400 shares during the last quarter. Diametric Capital LP acquired a new stake in shares of AerSale in the 4th quarter valued at $184,000. Victory Capital Management Inc. acquired a new stake in shares of AerSale in the 1st quarter valued at $212,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of AerSale in the 4th quarter valued at $252,000.

Wall Street Analyst Weigh In

ASLE has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on shares of AerSale in a research note on Thursday, September 1st. They issued a “buy” rating and a $23.00 price objective for the company. Cowen lifted their price objective on shares of AerSale to $20.00 in a research note on Monday, August 15th.

AerSale Price Performance

AerSale stock opened at $21.13 on Tuesday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.01 and a beta of 0.46. AerSale Co. has a fifty-two week low of $12.55 and a fifty-two week high of $24.20. The firm has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $15.80.

AerSale (NASDAQ:ASLEGet Rating) last released its earnings results on Monday, August 8th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The firm had revenue of $139.61 million during the quarter. AerSale had a net margin of 11.76% and a return on equity of 16.40%. During the same period in the prior year, the firm earned $0.38 EPS. As a group, sell-side analysts expect that AerSale Co. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael Kirton sold 4,398,750 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $16.21, for a total transaction of $71,303,737.50. Following the completion of the transaction, the director now owns 23,585,990 shares of the company’s stock, valued at $382,328,897.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 79.20% of the company’s stock.

About AerSale

(Get Rating)

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).

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Institutional Ownership by Quarter for AerSale (NASDAQ:ASLE)

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