Virtu Financial LLC Makes New Investment in AerSale Co. (NASDAQ:ASLE)

Virtu Financial LLC acquired a new stake in shares of AerSale Co. (NASDAQ:ASLE) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 16,315 shares of the company’s stock, valued at approximately $82,000.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its position in AerSale by 520.7% in the 2nd quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after acquiring an additional 488,081 shares in the last quarter. Marshall Wace LLP raised its position in AerSale by 683.1% in the 2nd quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock valued at $1,435,000 after buying an additional 180,860 shares during the last quarter. Meros Investment Management LP lifted its stake in AerSale by 38.4% during the 3rd quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock valued at $2,271,000 after acquiring an additional 124,669 shares in the last quarter. Raffles Associates LP bought a new stake in shares of AerSale in the 2nd quarter worth $692,000. Finally, AQR Capital Management LLC raised its holdings in shares of 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 last quarter. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Price Performance

Shares of NASDAQ:ASLE opened at $6.12 on Friday. The company has a market capitalization of $325.65 million, a PE ratio of 612.61 and a beta of 0.28. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $13.43. The business has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $5.89.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their price objective 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.

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).