249,584 Shares in AerSale Corporation $ASLE Purchased by First Pacific Advisors LP

First Pacific Advisors LP purchased a new position in shares of AerSale Corporation (NASDAQ:ASLE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 249,584 shares of the company’s stock, valued at approximately $1,500,000. First Pacific Advisors LP owned 0.53% of AerSale as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in AerSale by 37.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock worth $41,000 after purchasing an additional 1,519 shares during the period. SBI Securities Co. Ltd. grew its holdings in AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock worth $50,000 after purchasing an additional 3,100 shares during the period. Quantbot Technologies LP grew its holdings in AerSale by 133.1% during the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock worth $56,000 after purchasing an additional 4,282 shares during the period. Callan Family Office LLC acquired a new stake in AerSale during the second quarter worth approximately $74,000. Finally, State of Wyoming acquired a new stake in AerSale during the first quarter worth approximately $117,000. Institutional investors own 69.48% of the company’s stock.

AerSale Stock Up 0.1%

NASDAQ ASLE opened at $7.62 on Wednesday. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. AerSale Corporation has a 1-year low of $5.16 and a 1-year high of $9.12. The company has a 50 day moving average of $8.22 and a 200-day moving average of $7.05. The company has a market cap of $359.53 million, a price-to-earnings ratio of 54.43 and a beta of 0.26.

Wall Street Analysts Forecast Growth

ASLE has been the subject of several research reports. Zacks Research downgraded shares of AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “hold (c-)” rating on shares of AerSale in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of AerSale from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial raised their price objective on shares of AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.50.

AerSale Profile

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).