GAMMA Investing LLC Increases Position in AerSale Corporation (NASDAQ:ASLE)

GAMMA Investing LLC raised its position in AerSale Corporation (NASDAQ:ASLE) by 3,427.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,621 shares of the company’s stock after purchasing an additional 4,490 shares during the period. GAMMA Investing LLC’s holdings in AerSale were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in shares of AerSale in the 4th quarter valued at approximately $138,000. Nuveen Asset Management LLC grew its position in shares of AerSale by 22.4% in the 4th quarter. Nuveen Asset Management LLC now owns 572,882 shares of the company’s stock valued at $3,609,000 after buying an additional 104,663 shares during the last quarter. Graham Capital Management L.P. grew its position in shares of AerSale by 78.8% in the 4th quarter. Graham Capital Management L.P. now owns 48,332 shares of the company’s stock valued at $304,000 after buying an additional 21,301 shares during the last quarter. Ethic Inc. purchased a new position in shares of AerSale in the 4th quarter valued at $103,000. Finally, Deutsche Bank AG grew its position in shares of AerSale by 82.9% in the 4th quarter. Deutsche Bank AG now owns 41,472 shares of the company’s stock valued at $261,000 after buying an additional 18,792 shares during the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Trading Up 2.2%

Shares of AerSale stock opened at $6.02 on Friday. AerSale Corporation has a 1 year low of $4.53 and a 1 year high of $8.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.88 and a current ratio of 4.54. The company has a market capitalization of $282.10 million, a P/E ratio of -54.73 and a beta of 0.23. The company’s fifty day moving average is $6.21 and its two-hundred day moving average is $6.70.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of AerSale from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Royal Bank Of Canada dropped their target price on shares of AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, AerSale presently has a consensus rating of “Hold” and a consensus target price of $8.67.

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).