Y Intercept Hong Kong Ltd Acquires New Stake in AerSale Corporation $ASLE

Y Intercept Hong Kong Ltd bought a new position in shares of AerSale Corporation (NASDAQ:ASLE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,087 shares of the company’s stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its stake 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 buying an additional 3,100 shares during the period. Quantbot Technologies LP boosted its position in shares of 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 buying an additional 4,282 shares during the period. Callan Family Office LLC acquired a new stake in shares of AerSale in the second quarter valued at $74,000. State of Wyoming acquired a new stake in shares of AerSale during the first quarter worth about $117,000. Finally, Aigen Investment Management LP purchased a new position in AerSale in the 1st quarter valued at approximately $126,000. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Stock Down 3.6%

AerSale stock opened at $6.99 on Friday. 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 twelve month low of $5.34 and a twelve month high of $9.12. The stock has a market capitalization of $329.80 million, a price-to-earnings ratio of 49.93 and a beta of 0.24. The stock has a 50 day moving average of $8.00 and a two-hundred day moving average of $7.07.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of AerSale from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 2nd. Zacks Research downgraded AerSale from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of AerSale in a report on Wednesday, October 8th. Truist Financial lifted their price target on shares of AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada upped their price objective on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, AerSale has a consensus rating of “Hold” and a consensus target price of $7.50.

AerSale Company 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).