Janney Montgomery Scott LLC Lowers Position in AerSale Co. (NASDAQ:ASLE)

Janney Montgomery Scott LLC lessened its holdings in AerSale Co. (NASDAQ:ASLEGet Rating) by 28.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 28,378 shares of the company’s stock after selling 11,296 shares during the quarter. Janney Montgomery Scott LLC’s holdings in AerSale were worth $526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ASLE. Vanguard Group Inc. raised its position in shares of AerSale by 73.8% in the first quarter. Vanguard Group Inc. now owns 855,520 shares of the company’s stock worth $13,449,000 after buying an additional 363,292 shares in the last quarter. BlackRock Inc. raised its position in AerSale by 55.4% during the first quarter. BlackRock Inc. now owns 917,919 shares of the company’s stock valued at $14,430,000 after purchasing an additional 327,380 shares in the last quarter. Legato Capital Management LLC purchased a new stake in AerSale during the third quarter valued at about $5,043,000. Black Swift Group LLC raised its position in AerSale by 971.4% during the third quarter. Black Swift Group LLC now owns 150,000 shares of the company’s stock valued at $2,781,000 after purchasing an additional 136,000 shares in the last quarter. Finally, Private Capital Management LLC raised its position in AerSale by 20.1% during the second quarter. Private Capital Management LLC now owns 431,533 shares of the company’s stock valued at $6,262,000 after purchasing an additional 72,262 shares in the last quarter.

AerSale Trading Down 0.8 %

Shares of NASDAQ:ASLE opened at $17.19 on Monday. The stock’s 50-day moving average price is $16.01 and its 200-day moving average price is $17.89. AerSale Co. has a 12-month low of $12.78 and a 12-month high of $21.76. The stock has a market capitalization of $890.01 million, a P/E ratio of 20.71 and a beta of 0.40.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on AerSale from $19.00 to $23.00 in a research report on Monday, January 9th. Royal Bank of Canada assumed coverage on AerSale in a research report on Tuesday, November 29th. They set an “outperform” rating and a $21.00 price target on the stock.

Insider Activity

In related news, Director Jonathan A. Seiffer sold 112,100 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $10.00, for a total value of $1,121,000.00. Following the sale, the director now directly owns 17,569,821 shares of the company’s stock, valued at $175,698,210. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jonathan A. Seiffer sold 4,452,249 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $14.80, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan A. Seiffer sold 112,100 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $10.00, for a total value of $1,121,000.00. Following the completion of the sale, the director now directly owns 17,569,821 shares in the company, valued at $175,698,210. The disclosure for this sale can be found here. Insiders own 79.20% of the company’s stock.

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).

Recommended Stories

Want to see what other hedge funds are holding ASLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AerSale Co. (NASDAQ:ASLEGet Rating).

Institutional Ownership by Quarter for AerSale (NASDAQ:ASLE)

Receive News & Ratings for AerSale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerSale and related companies with MarketBeat.com's FREE daily email newsletter.