New York State Common Retirement Fund Acquires 3,285 Shares of AerSale Co. (NASDAQ:ASLE)

New York State Common Retirement Fund increased its stake in shares of AerSale Co. (NASDAQ:ASLE) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 269,436 shares of the company’s stock after buying an additional 3,285 shares during the period. New York State Common Retirement Fund owned 0.51% of AerSale worth $3,420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ASLE. Equitable Trust Co. lifted its position in shares of AerSale by 12.1% during the fourth quarter. Equitable Trust Co. now owns 55,265 shares of the company’s stock worth $702,000 after purchasing an additional 5,960 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in AerSale by 26.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 72,500 shares of the company’s stock worth $920,000 after buying an additional 15,300 shares in the last quarter. Vanguard Group Inc. boosted its position in AerSale by 17.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,415,492 shares of the company’s stock valued at $21,147,000 after buying an additional 209,409 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of AerSale by 117.7% in the 3rd quarter. Wesbanco Bank Inc. now owns 81,828 shares of the company’s stock valued at $1,223,000 after buying an additional 44,236 shares during the period. Finally, Citigroup Inc. raised its position in shares of AerSale by 81.2% during the third quarter. Citigroup Inc. now owns 14,902 shares of the company’s stock worth $223,000 after acquiring an additional 6,677 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

AerSale Price Performance

AerSale stock opened at $7.46 on Monday. The stock has a market cap of $395.45 million, a price-to-earnings ratio of -57.38 and a beta of 0.23. AerSale Co. has a 12-month low of $6.26 and a 12-month high of $16.98. The company has a quick ratio of 1.90, a current ratio of 5.79 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $7.44 and its 200 day simple moving average is $10.71.

AerSale (NASDAQ:ASLE) last issued its earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.48). The business had revenue of $94.42 million during the quarter, compared to the consensus estimate of $158.30 million. AerSale had a negative net margin of 1.66% and a negative return on equity of 1.82%. As a group, research analysts anticipate that AerSale Co. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nicolas Finazzo purchased 35,277 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $7.52 per share, with a total value of $265,283.04. Following the purchase, the insider now directly owns 4,392,204 shares in the company, valued at approximately $33,029,374.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders acquired 48,077 shares of company stock valued at $352,363. Company insiders own 50.60% of the company’s stock.

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).