Squarepoint Ops LLC Invests $138,000 in AerSale Co. (NASDAQ:ASLE)

Squarepoint Ops LLC purchased a new stake in shares of AerSale Co. (NASDAQ:ASLE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,979 shares of the company’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. M3F Inc. bought a new stake in AerSale in the 4th quarter worth approximately $9,941,000. Alyeska Investment Group L.P. grew its position in AerSale by 105.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,100,000 shares of the company’s stock valued at $6,930,000 after acquiring an additional 565,017 shares during the last quarter. Geode Capital Management LLC grew its stake in AerSale by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 779,980 shares of the company’s stock worth $4,915,000 after acquiring an additional 17,311 shares in the last quarter. Nuveen Asset Management LLC grew its stake in AerSale by 22.4% in the fourth quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company’s stock worth $3,609,000 after purchasing an additional 104,663 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of AerSale by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 519,016 shares of the company’s stock worth $3,269,000 after buying an additional 3,235 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

AerSale Trading Down 0.3%

NASDAQ ASLE opened at $5.83 on Monday. The stock has a market capitalization of $273.19 million, a price-to-earnings ratio of 583.58 and a beta of 0.23. The stock has a 50-day moving average of $6.54 and a 200 day moving average of $6.74. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $8.76.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASLE. Royal Bank of Canada dropped their price objective 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. Wall Street Zen downgraded shares of AerSale from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, AerSale has a consensus rating of “Hold” and an average target price of $8.67.

About AerSale

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).