Equitable Trust Co. Cuts Stock Position in AerSale Co. (NASDAQ:ASLE)

Equitable Trust Co. decreased its stake in shares of AerSale Co. (NASDAQ:ASLE) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,085 shares of the company’s stock after selling 5,260 shares during the quarter. Equitable Trust Co. owned about 0.12% of AerSale worth $397,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Spire Wealth Management bought a new position in shares of AerSale during the fourth quarter valued at $27,000. nVerses Capital LLC grew its position in AerSale by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after purchasing an additional 2,100 shares during the last quarter. SG Americas Securities LLC bought a new stake in AerSale during the 3rd quarter valued at about $59,000. Bleakley Financial Group LLC purchased a new position in AerSale in the fourth quarter worth about $86,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of AerSale by 33.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after buying an additional 3,531 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ASLE shares. Truist Financial reduced their price target on shares of AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, October 18th. TD Cowen upgraded AerSale to a “hold” rating in a research note on Thursday, December 19th.

AerSale Stock Performance

ASLE opened at $7.06 on Wednesday. The company’s 50-day simple moving average is $6.43 and its two-hundred day simple moving average is $5.78. The stock has a market capitalization of $375.66 million, a P/E ratio of 706.71 and a beta of 0.28. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $9.79.

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).