AerSale Co. (NASDAQ:ASLE) Insider Enrique Pizzi Sells 2,401 Shares

AerSale Co. (NASDAQ:ASLE) insider Enrique Pizzi sold 2,401 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $6.01, for a total transaction of $14,430.01. Following the completion of the transaction, the insider now owns 70,948 shares in the company, valued at approximately $426,397.48. The trade was a 3.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AerSale Trading Up 1.6 %

NASDAQ:ASLE traded up $0.10 during mid-day trading on Monday, reaching $6.40. The company’s stock had a trading volume of 158,517 shares, compared to its average volume of 233,557. The stock has a market cap of $340.55 million, a P/E ratio of 640.64 and a beta of 0.27. The firm’s fifty day moving average price is $6.12 and its two-hundred day moving average price is $5.80. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $11.03.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC boosted its holdings 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. The Manufacturers Life Insurance Company lifted its holdings in shares of AerSale by 33.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after buying an additional 3,531 shares during the period. American Century Companies Inc. boosted its stake in shares of AerSale by 12.8% in the 2nd quarter. American Century Companies Inc. now owns 36,480 shares of the company’s stock worth $252,000 after buying an additional 4,134 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of AerSale by 11.7% in the second quarter. Rhumbline Advisers now owns 51,996 shares of the company’s stock worth $360,000 after acquiring an additional 5,463 shares during the period. Finally, State Street Corp increased its position in AerSale by 1.1% during the third quarter. State Street Corp now owns 660,553 shares of the company’s stock valued at $3,336,000 after acquiring an additional 7,036 shares during the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ASLE shares. Truist Financial dropped their target price 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 research report on Thursday, December 19th.

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).