Alliancebernstein L.P. Sells 2,840 Shares of AerSale Co. (NASDAQ:ASLE)

Alliancebernstein L.P. cut its holdings in shares of AerSale Co. (NASDAQ:ASLE) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,790 shares of the company’s stock after selling 2,840 shares during the period. Alliancebernstein L.P. owned 0.08% of AerSale worth $270,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in AerSale by 1.1% during the 3rd quarter. State Street Corp now owns 660,553 shares of the company’s stock valued at $3,336,000 after acquiring an additional 7,036 shares in the last quarter. Barclays PLC boosted its position in AerSale by 266.5% during the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock valued at $222,000 after purchasing an additional 31,996 shares in the last quarter. Geode Capital Management LLC boosted its position in AerSale by 1.5% during the third quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock valued at $3,852,000 after purchasing an additional 11,304 shares in the last quarter. Virtu Financial LLC purchased a new position in AerSale in the third quarter valued at about $82,000. Finally, SG Americas Securities LLC raised its holdings in AerSale by 46.4% in the fourth quarter. SG Americas Securities LLC now owns 17,073 shares of the company’s stock worth $108,000 after purchasing an additional 5,408 shares in the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th.

AerSale Stock Performance

AerSale stock opened at $6.29 on Tuesday. The stock has a market cap of $335.12 million, a PE ratio of 629.63 and a beta of 0.27. The stock has a 50-day moving average of $7.40 and a two-hundred day moving average of $6.54. AerSale Co. has a one year low of $4.53 and a one year high of $9.40.

AerSale 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).