BNP Paribas Financial Markets Invests $377,000 in AerSale Co. (NASDAQ:ASLE)

BNP Paribas Financial Markets bought a new position in shares of AerSale Co. (NASDAQ:ASLE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 59,914 shares of the company’s stock, valued at approximately $377,000. BNP Paribas Financial Markets owned approximately 0.11% of AerSale at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. M3F Inc. purchased a new stake in AerSale during the 4th quarter worth about $9,941,000. Private Management Group Inc. purchased a new stake in AerSale during the fourth quarter worth approximately $6,994,000. Alyeska Investment Group L.P. boosted its holdings in AerSale by 105.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company’s stock valued at $6,930,000 after purchasing an additional 565,017 shares in the last quarter. Peapod Lane Capital LLC acquired a new position in AerSale in the fourth quarter valued at approximately $2,499,000. Finally, Raffles Associates LP increased its stake in AerSale by 295.7% in the fourth quarter. Raffles Associates LP now owns 455,000 shares of the company’s stock valued at $2,866,000 after purchasing an additional 340,000 shares during the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

AerSale Stock Up 0.3%

Shares of NASDAQ ASLE opened at $5.86 on Monday. The business has a 50-day moving average price of $6.98 and a 200 day moving average price of $6.74. The stock has a market cap of $274.60 million, a PE ratio of 586.59 and a beta of 0.30. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $8.76.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of AerSale from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank of Canada cut their price target on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.67.

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).