D. E. Shaw & Co. Inc. Sells 26,710 Shares of AerSale Co. (NASDAQ:ASLE)

D. E. Shaw & Co. Inc. lessened its position in AerSale Co. (NASDAQ:ASLE) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,414 shares of the company’s stock after selling 26,710 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.16% of AerSale worth $532,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ASLE. SG Americas Securities LLC increased its position in AerSale by 46.4% during the fourth quarter. SG Americas Securities LLC now owns 17,073 shares of the company’s stock worth $108,000 after acquiring an additional 5,408 shares during the period. Spire Wealth Management acquired a new position in AerSale in the 4th quarter valued at approximately $27,000. Private Management Group Inc. acquired a new position in AerSale in the 4th quarter valued at approximately $6,994,000. Bleakley Financial Group LLC bought a new stake in shares of AerSale in the 4th quarter worth approximately $86,000. Finally, Peapod Lane Capital LLC acquired a new stake in shares of AerSale during the 4th quarter worth approximately $2,499,000. Institutional investors own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

ASLE has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price objective on AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Thursday, May 8th. Wall Street Zen lowered AerSale from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, AerSale currently has an average rating of “Hold” and an average price target of $8.67.

AerSale Stock Up 0.3%

NASDAQ ASLE opened at $5.86 on Monday. The firm’s 50 day moving average is $6.98 and its 200-day moving average is $6.74. The company has a market capitalization of $274.60 million, a PE ratio of 586.59 and a beta of 0.30. AerSale Co. has a 12-month low of $4.53 and a 12-month high of $8.76.

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).