Russell Investments Group Ltd. Boosts Stake in AerSale Co. (NASDAQ:ASLE)

Russell Investments Group Ltd. raised its position in AerSale Co. (NASDAQ:ASLE) by 71.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 411,277 shares of the company’s stock after purchasing an additional 170,958 shares during the period. Russell Investments Group Ltd.’s holdings in AerSale were worth $5,221,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of AerSale by 19.4% during the third quarter. PNC Financial Services Group Inc. now owns 12,034 shares of the company’s stock worth $180,000 after purchasing an additional 1,952 shares during the last quarter. Citigroup Inc. lifted its position in shares of AerSale by 81.2% during the third quarter. Citigroup Inc. now owns 14,902 shares of the company’s stock worth $223,000 after purchasing an additional 6,677 shares during the last quarter. Jump Financial LLC lifted its position in shares of AerSale by 37.8% during the third quarter. Jump Financial LLC now owns 26,741 shares of the company’s stock worth $400,000 after purchasing an additional 7,329 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of AerSale during the third quarter worth about $494,000. Finally, Advisors Asset Management Inc. lifted its position in shares of AerSale by 6.5% during the third quarter. Advisors Asset Management Inc. now owns 45,512 shares of the company’s stock worth $680,000 after purchasing an additional 2,789 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Insider Buying and Selling

In other AerSale news, insider Nicolas Finazzo acquired 35,277 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $7.52 per share, for a total transaction of $265,283.04. Following the completion of the purchase, the insider now directly owns 4,392,204 shares in the company, valued at $33,029,374.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 48,077 shares of company stock worth $352,363 over the last quarter. 37.30% of the stock is owned by company insiders.

AerSale Stock Performance

Shares of ASLE stock opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.90 and a current ratio of 5.79. AerSale Co. has a one year low of $6.26 and a one year high of $16.98. The company’s 50-day simple moving average is $7.34 and its 200-day simple moving average is $10.56. The stock has a market capitalization of $437.33 million, a price-to-earnings ratio of -63.46 and a beta of 0.23.

AerSale (NASDAQ:ASLE) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.48). The business had revenue of $94.42 million for the quarter, compared to analyst estimates of $158.30 million. AerSale had a negative return on equity of 1.82% and a negative net margin of 1.66%. Equities analysts anticipate that AerSale Co. will post 0.32 earnings per share for the current fiscal year.

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).