AerSale Co. (NASDAQ:ASLE) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of AerSale Co. (NASDAQ:ASLEGet Rating) by 75.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,400 shares of the company’s stock after purchasing an additional 600 shares during the quarter. New York State Teachers Retirement System’s holdings in AerSale were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its position in shares of AerSale by 26.2% in the second quarter. Captrust Financial Advisors now owns 3,010 shares of the company’s stock valued at $44,000 after purchasing an additional 625 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of AerSale in the second quarter valued at approximately $66,000. Denali Advisors LLC boosted its position in AerSale by 47.4% during the third quarter. Denali Advisors LLC now owns 5,600 shares of the company’s stock worth $104,000 after acquiring an additional 1,800 shares during the last quarter. California State Teachers Retirement System boosted its position in AerSale by 34.6% during the first quarter. California State Teachers Retirement System now owns 6,797 shares of the company’s stock worth $107,000 after acquiring an additional 1,748 shares during the last quarter. Finally, Bourgeon Capital Management LLC acquired a new stake in AerSale during the second quarter worth approximately $109,000.

Wall Street Analysts Forecast Growth

ASLE has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of AerSale from $19.00 to $23.00 in a research report on Monday, January 9th. Royal Bank of Canada initiated coverage on shares of AerSale in a research report on Tuesday, November 29th. They set an “outperform” rating and a $21.00 target price on the stock.

Insider Activity

In other news, Director Jonathan A. Seiffer sold 112,100 shares of the firm’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $10.00, for a total value of $1,121,000.00. Following the transaction, the director now owns 17,569,821 shares of the company’s stock, valued at approximately $175,698,210. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Jonathan A. Seiffer sold 112,100 shares of the firm’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $10.00, for a total value of $1,121,000.00. Following the transaction, the director now owns 17,569,821 shares of the company’s stock, valued at approximately $175,698,210. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan A. Seiffer sold 4,452,249 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $14.80, for a total transaction of $65,893,285.20. Following the sale, the director now directly owns 19,133,741 shares of the company’s stock, valued at $283,179,366.80. The disclosure for this sale can be found here. Insiders own 69.50% of the company’s stock.

AerSale Stock Down 0.8 %

NASDAQ:ASLE opened at $17.19 on Friday. The company has a market cap of $890.01 million, a P/E ratio of 20.71 and a beta of 0.40. AerSale Co. has a fifty-two week low of $12.78 and a fifty-two week high of $21.76. The firm’s 50 day moving average is $16.01 and its two-hundred day moving average is $17.86.

AerSale (NASDAQ:ASLEGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08). The company had revenue of $51.00 million for the quarter, compared to analysts’ expectations of $72.31 million. AerSale had a return on equity of 14.20% and a net margin of 10.66%. Research analysts forecast that AerSale Co. will post 1.13 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for AerSale (NASDAQ:ASLE)

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