Vanguard Group Inc. Buys 209,409 Shares of AerSale Co. (NASDAQ:ASLE)

Vanguard Group Inc. lifted its stake in AerSale Co. (NASDAQ:ASLE) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,415,492 shares of the company’s stock after purchasing an additional 209,409 shares during the period. Vanguard Group Inc. owned about 2.76% of AerSale worth $21,147,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Wesbanco Bank Inc. grew its holdings in AerSale by 117.7% during the 3rd quarter. Wesbanco Bank Inc. now owns 81,828 shares of the company’s stock worth $1,223,000 after acquiring an additional 44,236 shares in the last quarter. Citigroup Inc. grew its holdings in AerSale by 81.2% during the 3rd quarter. Citigroup Inc. now owns 14,902 shares of the company’s stock worth $223,000 after acquiring an additional 6,677 shares in the last quarter. Deutsche Bank AG grew its holdings in AerSale by 22.1% during the 3rd quarter. Deutsche Bank AG now owns 10,584 shares of the company’s stock worth $158,000 after acquiring an additional 1,919 shares in the last quarter. Ranger Investment Management L.P. grew its holdings in AerSale by 38.1% during the 3rd quarter. Ranger Investment Management L.P. now owns 1,449,459 shares of the company’s stock worth $21,655,000 after acquiring an additional 400,249 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of AerSale by 23.8% in the 3rd quarter. Sei Investments Co. now owns 22,924 shares of the company’s stock valued at $342,000 after buying an additional 4,400 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

AerSale Stock Up 0.9 %

NASDAQ:ASLE opened at $6.93 on Friday. AerSale Co. has a fifty-two week low of $6.59 and a fifty-two week high of $17.92. The stock has a market capitalization of $367.22 million, a P/E ratio of -53.31 and a beta of 0.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.90 and a current ratio of 5.79. The company’s 50-day simple moving average is $8.16 and its 200-day simple moving average is $11.62.

AerSale (NASDAQ:ASLE) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.48). AerSale had a negative net margin of 1.66% and a negative return on equity of 1.82%. The firm had revenue of $94.42 million during the quarter, compared to the consensus estimate of $158.30 million. On average, equities analysts anticipate that AerSale Co. will post 0.28 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Nicolas Finazzo purchased 35,277 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $7.52 per share, for a total transaction of $265,283.04. Following the acquisition, the insider now owns 4,392,204 shares of the company’s stock, valued at $33,029,374.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have bought 48,077 shares of company stock worth $352,363. Corporate insiders own 50.60% of the company’s stock.

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).