Peapod Lane Capital LLC Takes Position in AerSale Co. (NASDAQ:ASLE)

Peapod Lane Capital LLC bought a new stake in AerSale Co. (NASDAQ:ASLE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 396,674 shares of the company’s stock, valued at approximately $2,499,000. AerSale accounts for about 2.5% of Peapod Lane Capital LLC’s portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ASLE. Spire Wealth Management bought a new position in AerSale during the fourth quarter worth about $27,000. nVerses Capital LLC lifted 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 buying an additional 2,100 shares during the period. SG Americas Securities LLC acquired a new stake in AerSale in the 3rd quarter valued at $59,000. Bleakley Financial Group LLC bought a new stake in AerSale in the fourth quarter valued at $86,000. Finally, The Manufacturers Life Insurance Company grew its position in AerSale by 33.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after acquiring an additional 3,531 shares during the period. Institutional investors own 69.48% of the company’s stock.

AerSale Stock Performance

AerSale stock opened at $7.11 on Thursday. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $9.79. The firm has a market cap of $378.32 million, a P/E ratio of 711.71 and a beta of 0.28. The business’s fifty day moving average is $6.45 and its two-hundred day moving average is $5.79.

Wall Street Analyst Weigh In

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

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).