Equitable Trust Co. Reduces Stake in AerSale Co. (NASDAQ:ASLE)

Equitable Trust Co. lessened its position in shares of AerSale Co. (NASDAQ:ASLE) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,085 shares of the company’s stock after selling 5,260 shares during the quarter. Equitable Trust Co.’s holdings in AerSale were worth $397,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC boosted its position in AerSale by 75.0% in the third quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after purchasing an additional 2,100 shares during the last quarter. Spire Wealth Management bought a new position in shares of AerSale in the 4th quarter worth approximately $27,000. SG Americas Securities LLC purchased a new position in shares of AerSale in the third quarter worth approximately $59,000. Virtu Financial LLC bought a new stake in AerSale during the third quarter valued at approximately $82,000. Finally, Bleakley Financial Group LLC purchased a new stake in AerSale during the fourth quarter valued at approximately $86,000. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Price Performance

Shares of NASDAQ ASLE opened at $7.06 on Wednesday. The stock has a market cap of $375.66 million, a PE ratio of 706.71 and a beta of 0.28. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $9.79. The firm has a fifty day moving average price of $6.43 and a 200-day moving average price of $5.78.

Analysts Set New Price Targets

ASLE has been the topic of several analyst reports. Truist Financial dropped their price target on shares of AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. TD Cowen raised AerSale to a “hold” rating in a report on Thursday, December 19th.

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).