Jonathan A. Seiffer Sells 4,452,249 Shares of AerSale Co. (NASDAQ:ASLE) Stock

AerSale Co. (NASDAQ:ASLEGet Rating) Director Jonathan A. Seiffer sold 4,452,249 shares of the stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $14.80, for a total transaction of $65,893,285.20. Following the sale, the director now owns 19,133,741 shares of the company’s stock, valued at $283,179,366.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

AerSale Stock Down 1.9 %

NASDAQ ASLE opened at $15.72 on Thursday. The stock’s 50 day moving average is $18.77 and its 200 day moving average is $17.28. The firm has a market capitalization of $813.90 million, a PE ratio of 18.94 and a beta of 0.51. AerSale Co. has a twelve month low of $12.78 and a twelve month high of $21.76.

Analyst Upgrades and Downgrades

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

Institutional Trading of AerSale

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in AerSale by 73.8% during the 1st quarter. Vanguard Group Inc. now owns 855,520 shares of the company’s stock valued at $13,449,000 after buying an additional 363,292 shares in the last quarter. BlackRock Inc. raised its position in shares of AerSale by 55.4% in the 1st quarter. BlackRock Inc. now owns 917,919 shares of the company’s stock worth $14,430,000 after purchasing an additional 327,380 shares during the last quarter. Legato Capital Management LLC bought a new position in AerSale in the 3rd quarter worth about $5,043,000. New York State Common Retirement Fund grew its position in AerSale by 1,758.2% during the 3rd quarter. New York State Common Retirement Fund now owns 215,082 shares of the company’s stock valued at $3,988,000 after purchasing an additional 203,507 shares during the last quarter. Finally, Black Swift Group LLC raised its holdings in AerSale by 971.4% in the 3rd quarter. Black Swift Group LLC now owns 150,000 shares of the company’s stock worth $2,781,000 after acquiring an additional 136,000 shares during the last quarter.

AerSale Company Profile

(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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