Russell Investments Group Ltd. Purchases 31,203 Shares of AerSale Co. (NASDAQ:ASLE)

Russell Investments Group Ltd. raised its position in AerSale Co. (NASDAQ:ASLE – Get Rating) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,778 shares of the company’s stock after acquiring an additional 31,203 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.29% of AerSale worth $2,413,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in AerSale by 75.0% in the third quarter. New York State Teachers Retirement System now owns 1,400 shares of the company’s stock valued at $26,000 after acquiring an additional 600 shares during the period. Ensign Peak Advisors Inc purchased a new stake in AerSale in the 3rd quarter worth approximately $30,000. Captrust Financial Advisors raised its stake in 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 acquiring an additional 625 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in AerSale during the fourth quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of AerSale by 267.8% in the third quarter. Tower Research Capital LLC TRC now owns 3,435 shares of the company’s stock worth $63,000 after purchasing an additional 2,501 shares during the period.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of AerSale in a research note on Wednesday, March 8th. TheStreet cut shares of AerSale from a “b-” rating to a “c+” rating in a research note on Wednesday, April 26th. Finally, Stifel Nicolaus lowered their target price on shares of AerSale from $22.00 to $21.00 in a research note on Wednesday, May 10th.

AerSale Price Performance

AerSale stock opened at $16.24 on Friday. The stock has a market cap of $831.81 million, a price-to-earnings ratio of 34.55 and a beta of 0.39. AerSale Co. has a 1 year low of $13.01 and a 1 year high of $21.76. The firm has a 50-day moving average of $16.58 and a two-hundred day moving average of $17.04.

AerSale (NASDAQ:ASLE – Get Rating) last announced its quarterly earnings results on Monday, March 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. AerSale had a net margin of 7.32% and a return on equity of 7.49%. The firm had revenue of $95.10 million during the quarter, compared to analysts’ expectations of $124.02 million. Research analysts expect that AerSale Co. will post 0.97 earnings per share for the current year.

AerSale Profile

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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).