Raymond James Financial Services Advisors Inc. Boosts Position in AerSale Co. (NASDAQ:ASLE)

Raymond James Financial Services Advisors Inc. boosted its holdings in AerSale Co. (NASDAQ:ASLE) by 26.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,500 shares of the company’s stock after purchasing an additional 15,300 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in AerSale were worth $920,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. FMR LLC raised its holdings in AerSale by 48.7% in the third quarter. FMR LLC now owns 3,613,787 shares of the company’s stock valued at $53,990,000 after buying an additional 1,183,909 shares during the period. BlackRock Inc. raised its stake in shares of AerSale by 0.8% during the second quarter. BlackRock Inc. now owns 1,666,811 shares of the company’s stock valued at $24,502,000 after purchasing an additional 12,920 shares during the period. Ranger Investment Management L.P. grew its position in shares of AerSale by 38.1% during the third quarter. Ranger Investment Management L.P. now owns 1,449,459 shares of the company’s stock worth $21,655,000 after buying an additional 400,249 shares in the last quarter. Private Capital Management LLC grew its position in shares of AerSale by 3.2% during the third quarter. Private Capital Management LLC now owns 1,418,494 shares of the company’s stock worth $21,192,000 after buying an additional 44,326 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of AerSale by 17.4% during the third quarter. Vanguard Group Inc. now owns 1,415,492 shares of the company’s stock worth $21,147,000 after buying an additional 209,409 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Stock Down 1.9 %

ASLE stock opened at $6.80 on Tuesday. AerSale Co. has a twelve month low of $6.59 and a twelve month high of $17.92. The company has a current ratio of 5.79, a quick ratio of 1.90 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $360.33 million, a P/E ratio of -52.31 and a beta of 0.23. The firm has a 50 day simple moving average of $8.13 and a 200-day simple moving average of $11.53.

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 return on equity of 1.82% and a negative net margin of 1.66%. The company had revenue of $94.42 million for the quarter, compared to analyst estimates of $158.30 million. On average, equities research analysts predict that AerSale Co. will post 0.28 earnings per share for the current fiscal year.

Insider Transactions at AerSale

In related news, insider Nicolas Finazzo purchased 35,277 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $7.52 per share, with a total value of $265,283.04. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 48,077 shares of company stock valued at $352,363. 50.60% of the stock is currently owned by corporate insiders.

AerSale Company 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).