Brandywine Global Investment Management LLC Raises Stake in AerSale Corporation $ASLE

Brandywine Global Investment Management LLC lifted its stake in shares of AerSale Corporation (NASDAQ:ASLE) by 20.0% during the 2nd quarter, Holdings Channel reports. The fund owned 232,270 shares of the company’s stock after buying an additional 38,640 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in AerSale were worth $1,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP increased its position 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 last quarter. Fox Run Management L.L.C. purchased a new position in AerSale during the 2nd quarter valued at about $66,000. Callan Family Office LLC purchased a new position in shares of AerSale in the second quarter valued at approximately $74,000. State of Wyoming acquired a new position in shares of AerSale in the first quarter worth $117,000. Finally, Aigen Investment Management LP acquired a new position in AerSale during the 1st quarter worth $126,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

AerSale Stock Up 2.9%

Shares of NASDAQ ASLE opened at $6.37 on Tuesday. The firm has a 50-day moving average price of $7.42 and a 200 day moving average price of $7.02. The stock has a market capitalization of $300.57 million, a price-to-earnings ratio of 49.00 and a beta of 0.24. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12. The company has a quick ratio of 0.92, a current ratio of 4.41 and a debt-to-equity ratio of 0.01.

AerSale (NASDAQ:ASLE) last announced its earnings results on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $71.19 million for the quarter, compared to analyst estimates of $93.86 million. AerSale had a return on equity of 2.10% and a net margin of 1.73%. Equities research analysts anticipate that AerSale Corporation will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ASLE. Truist Financial lowered their price target on shares of AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of AerSale in a report on Monday, November 17th. Royal Bank Of Canada upped their target price on shares of AerSale from $7.00 to $8.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Wall Street Zen downgraded shares of AerSale from a “buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Zacks Research cut shares of AerSale from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $7.00.

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).