Citigroup Inc. Purchases 6,677 Shares of AerSale Co. (NASDAQ:ASLE)

Citigroup Inc. boosted its holdings in shares of AerSale Co. (NASDAQ:ASLE) by 81.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,902 shares of the company’s stock after purchasing an additional 6,677 shares during the period. Citigroup Inc.’s holdings in AerSale were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of AerSale by 48.7% during the 3rd quarter. FMR LLC now owns 3,613,787 shares of the company’s stock valued at $53,990,000 after purchasing an additional 1,183,909 shares during the last quarter. Ranger Investment Management L.P. lifted its stake in shares of AerSale by 225.4% in the 2nd quarter. Ranger Investment Management L.P. now owns 1,049,210 shares of the company’s stock valued at $15,423,000 after acquiring an additional 726,738 shares during the last quarter. Royal Bank of Canada raised its position in AerSale by 51,589.8% in the second quarter. Royal Bank of Canada now owns 714,870 shares of the company’s stock valued at $10,508,000 after purchasing an additional 713,487 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of AerSale by 343.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 529,277 shares of the company’s stock worth $8,585,000 after purchasing an additional 409,960 shares during the last quarter. Finally, Private Capital Management LLC increased its stake in shares of AerSale by 39.0% in the first quarter. Private Capital Management LLC now owns 1,340,694 shares of the company’s stock valued at $23,087,000 after buying an additional 376,364 shares during the period. 69.48% of the stock is currently owned by institutional investors.

AerSale Stock Down 5.2 %

NASDAQ:ASLE opened at $7.18 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.79 and a quick ratio of 1.90. AerSale Co. has a one year low of $6.59 and a one year high of $17.92. The firm’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $12.29. The company has a market cap of $373.30 million, a PE ratio of -55.23 and a beta of 0.26.

Insiders Place Their Bets

In other news, insider Nicolas Finazzo acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $6.65 per share, for a total transaction of $66,500.00. Following the completion of the transaction, the insider now directly owns 17,000 shares in the company, valued at approximately $113,050. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 48,077 shares of company stock valued at $352,363. 50.60% of the stock is currently owned by company insiders.

About AerSale

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).