Jane Street Group LLC Decreases Holdings in AerSale Co. (NASDAQ:ASLE)

Jane Street Group LLC reduced its position in AerSale Co. (NASDAQ:ASLE) by 40.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,255 shares of the company’s stock after selling 35,265 shares during the quarter. Jane Street Group LLC owned 0.10% of AerSale worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in AerSale by 1.1% in the 3rd quarter. State Street Corp now owns 660,553 shares of the company’s stock worth $3,336,000 after purchasing an additional 7,036 shares during the period. Jacobs Levy Equity Management Inc. raised its position in AerSale by 162.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 35,449 shares of the company’s stock worth $179,000 after purchasing an additional 21,952 shares during the period. Raffles Associates LP raised its position in AerSale by 15.0% in the 3rd quarter. Raffles Associates LP now owns 115,000 shares of the company’s stock worth $581,000 after purchasing an additional 15,000 shares during the period. GSA Capital Partners LLP raised its position in AerSale by 47.8% in the 3rd quarter. GSA Capital Partners LLP now owns 219,082 shares of the company’s stock worth $1,106,000 after purchasing an additional 70,887 shares during the period. Finally, nVerses Capital LLC raised its position in AerSale by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after purchasing an additional 2,100 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Stock Performance

NASDAQ ASLE opened at $6.30 on Friday. The firm’s 50 day moving average price is $6.12 and its 200-day moving average price is $5.81. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $11.54. The company has a market cap of $335.23 million, a PE ratio of 630.63 and a beta of 0.27.

Analysts Set New Price Targets

A number of equities analysts have commented on ASLE shares. TD Cowen upgraded shares of AerSale to a “hold” rating in a research note on Thursday, December 19th. Truist Financial dropped their target price on shares of AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, October 18th.

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).