Private Management Group Inc. Makes New Investment in AerSale Co. (NASDAQ:ASLE)

Private Management Group Inc. purchased a new position in shares of AerSale Co. (NASDAQ:ASLE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,110,134 shares of the company’s stock, valued at approximately $6,994,000.

Other large investors also recently bought and sold shares of the company. Spire Wealth Management purchased a new stake in AerSale during the 4th quarter worth about $27,000. nVerses Capital LLC boosted its position in shares of AerSale by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after acquiring an additional 2,100 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of AerSale during the 3rd quarter worth about $59,000. The Manufacturers Life Insurance Company boosted its position in shares of AerSale by 33.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after acquiring an additional 3,531 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of AerSale during the 3rd quarter worth about $82,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Stock Down 0.1 %

ASLE opened at $6.86 on Friday. The business has a 50 day moving average price of $6.39 and a two-hundred day moving average price of $5.81. The company has a market cap of $365.02 million, a PE ratio of 686.69 and a beta of 0.28. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $9.79.

Analysts Set New Price Targets

A number of analysts recently issued reports on ASLE shares. TD Cowen raised AerSale to a “hold” rating in a research report on Thursday, December 19th. Truist Financial decreased their target price on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

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).