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Janney Montgomery Scott LLC lowered its holdings in shares of AerSale Co. (NASDAQ:ASLE – Get Rating) by 28.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,378 shares of the company’s stock after selling 11,296 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of AerSale worth $526,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors raised its holdings in shares of AerSale by 26.2% during the 2nd quarter. Captrust Financial Advisors now owns 3,010 shares of the company’s stock worth $44,000 after buying an additional 625 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of AerSale during the 2nd quarter worth $66,000. Denali Advisors LLC raised its holdings in shares of AerSale by 47.4% during the 3rd quarter. Denali Advisors LLC now owns 5,600 shares of the company’s stock worth $104,000 after buying an additional 1,800 shares in the last quarter. California State Teachers Retirement System grew its position in AerSale by 34.6% during the 1st quarter. California State Teachers Retirement System now owns 6,797 shares of the company’s stock worth $107,000 after acquiring an additional 1,748 shares during the last quarter. Finally, Bourgeon Capital Management LLC bought a new stake in AerSale during the 2nd quarter worth $109,000.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Royal Bank of Canada assumed coverage on AerSale in a research report on Tuesday, November 29th. They set an “outperform” rating and a $21.00 price objective on the stock. Truist Financial upped their target price on AerSale from $19.00 to $23.00 in a research report on Monday, January 9th.
Insider Buying and Selling
In related news, Director Jonathan A. Seiffer sold 112,100 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $10.00, for a total transaction of $1,121,000.00. Following the transaction, the director now directly owns 17,569,821 shares of the company’s stock, valued at approximately $175,698,210. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Jonathan A. Seiffer sold 112,100 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $10.00, for a total value of $1,121,000.00. Following the completion of the sale, the director now directly owns 17,569,821 shares of the company’s stock, valued at $175,698,210. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan A. Seiffer sold 4,452,249 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $14.80, for a total value of $65,893,285.20. Following the completion of the sale, the director now directly owns 19,133,741 shares of the company’s stock, valued at $283,179,366.80. The disclosure for this sale can be found here. 79.20% of the stock is owned by company insiders.
AerSale Price Performance
Shares of AerSale stock opened at $17.19 on Monday. AerSale Co. has a one year low of $12.78 and a one year high of $21.76. The stock’s 50-day moving average is $16.01 and its 200 day moving average is $17.89. The firm has a market cap of $890.01 million, a price-to-earnings ratio of 20.71 and a beta of 0.40.
AerSale (NASDAQ:ASLE – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.08). AerSale had a net margin of 10.66% and a return on equity of 14.20%. The business had revenue of $51.00 million for the quarter, compared to the consensus estimate of $72.31 million. On average, sell-side analysts expect that AerSale Co. will post 1.13 EPS for the current fiscal year.
About AerSale
(Get Rating)
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).
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