Intech Investment Management LLC Buys New Stake in AerSale Co. (NASDAQ:ASLE)

Intech Investment Management LLC purchased a new position in shares of AerSale Co. (NASDAQ:ASLE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,288 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Spire Wealth Management acquired a new position in shares of AerSale during the fourth quarter valued at approximately $27,000. Bfsg LLC acquired a new position in shares of AerSale during the 4th quarter valued at $68,000. Virtu Financial LLC bought a new stake in shares of AerSale in the 3rd quarter worth $82,000. Bleakley Financial Group LLC acquired a new stake in shares of AerSale in the fourth quarter valued at $86,000. Finally, SG Americas Securities LLC boosted its stake in AerSale by 46.4% during the fourth quarter. SG Americas Securities LLC now owns 17,073 shares of the company’s stock valued at $108,000 after buying an additional 5,408 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ASLE. Royal Bank of Canada boosted their target price on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a report on Friday, March 7th. TD Cowen upgraded AerSale to a “hold” rating in a research report on Thursday, December 19th.

AerSale Trading Down 1.0 %

NASDAQ:ASLE opened at $8.32 on Friday. AerSale Co. has a 1-year low of $4.53 and a 1-year high of $9.40. The firm has a market capitalization of $443.27 million, a price-to-earnings ratio of 832.83 and a beta of 0.29. The business’s fifty day moving average price is $7.29 and its 200 day moving average price is $6.26.

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).