Private Management Group Inc. Makes New $6.99 Million Investment in AerSale Co. (NASDAQ:ASLE)

Private Management Group Inc. acquired a new position in shares of 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 acquired 1,110,134 shares of the company’s stock, valued at approximately $6,994,000. Private Management Group Inc. owned about 2.09% of AerSale as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASLE. Millennium Management LLC raised its position in AerSale by 520.7% in the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after purchasing an additional 488,081 shares during the period. Meros Investment Management LP raised its position in AerSale by 38.4% in the third quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock valued at $2,271,000 after purchasing an additional 124,669 shares during the period. AQR Capital Management LLC raised its position in AerSale by 194.5% in the second quarter. AQR Capital Management LLC now owns 141,952 shares of the company’s stock valued at $982,000 after purchasing an additional 93,745 shares during the period. GSA Capital Partners LLP raised its position in AerSale by 47.8% in the third quarter. GSA Capital Partners LLP now owns 219,082 shares of the company’s stock valued at $1,106,000 after purchasing an additional 70,887 shares during the period. Finally, Barclays PLC raised its position in AerSale by 266.5% in the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock valued at $222,000 after purchasing an additional 31,996 shares during the period. Institutional investors and hedge funds own 69.48% of the company’s stock.

AerSale Trading Down 0.1 %

ASLE stock opened at $6.86 on Friday. The business’s fifty day moving average price is $6.39 and its 200 day moving average price is $5.81. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $9.79. The company has a market capitalization of $365.02 million, a PE ratio of 686.69 and a beta of 0.28.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ASLE shares. TD Cowen upgraded AerSale to a “hold” rating in a report on Thursday, December 19th. Truist Financial cut their price objective on AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a 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).