Y Intercept Hong Kong Ltd Acquires Shares of 80,087 AerSale Corporation $ASLE

Y Intercept Hong Kong Ltd bought a new position in AerSale Corporation (NASDAQ:ASLE) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 80,087 shares of the company’s stock, valued at approximately $481,000. Y Intercept Hong Kong Ltd owned 0.17% of AerSale at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of AerSale by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 101,334 shares of the company’s stock worth $759,000 after acquiring an additional 6,683 shares in the last quarter. Significant Wealth Partners LLC increased its position in AerSale by 13.6% during the 1st quarter. Significant Wealth Partners LLC now owns 74,677 shares of the company’s stock valued at $559,000 after buying an additional 8,919 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in AerSale by 85.4% in the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock worth $50,000 after acquiring an additional 3,100 shares in the last quarter. Private Management Group Inc. grew its stake in shares of AerSale by 7.3% in the first quarter. Private Management Group Inc. now owns 1,191,512 shares of the company’s stock worth $8,924,000 after acquiring an additional 81,378 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of AerSale by 51.8% in the 1st quarter. Invesco Ltd. now owns 89,215 shares of the company’s stock worth $668,000 after purchasing an additional 30,451 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Trading Down 3.6%

NASDAQ ASLE opened at $6.99 on Friday. The company has a quick ratio of 0.82, a current ratio of 3.87 and a debt-to-equity ratio of 0.01. AerSale Corporation has a 52 week low of $5.34 and a 52 week high of $9.12. The firm has a market cap of $329.80 million, a PE ratio of 49.93 and a beta of 0.24. The company has a 50 day moving average price of $8.00 and a 200 day moving average price of $7.07.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ASLE shares. Royal Bank Of Canada lifted 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 Thursday, August 7th. Truist Financial lifted their price target on shares of AerSale from $6.00 to $7.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of AerSale in a report on Wednesday, October 8th. Wall Street Zen raised shares of AerSale from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 2nd. Finally, Zacks Research downgraded shares of AerSale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, AerSale currently has a consensus rating of “Hold” and a consensus target price of $7.50.

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).