Goldman Sachs Group Inc. Sells 45,606 Shares of AerSale Corporation $ASLE

Goldman Sachs Group Inc. reduced its stake in shares of AerSale Corporation (NASDAQ:ASLE) by 7.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 529,078 shares of the company’s stock after selling 45,606 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.13% of AerSale worth $3,963,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of AerSale by 37.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,536 shares of the company’s stock valued at $41,000 after purchasing an additional 1,519 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of AerSale by 85.4% during the first quarter. SBI Securities Co. Ltd. now owns 6,732 shares of the company’s stock valued at $50,000 after purchasing an additional 3,100 shares during the period. Ancora Advisors LLC boosted its stake in shares of AerSale by 1.9% during the first quarter. Ancora Advisors LLC now owns 175,754 shares of the company’s stock valued at $1,316,000 after purchasing an additional 3,243 shares during the period. Quantbot Technologies LP boosted its stake in shares of AerSale by 133.1% during the first quarter. Quantbot Technologies LP now owns 7,500 shares of the company’s stock valued at $56,000 after purchasing an additional 4,282 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of AerSale by 3,427.5% during the first quarter. GAMMA Investing LLC now owns 4,621 shares of the company’s stock valued at $35,000 after purchasing an additional 4,490 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial lowered shares of AerSale from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $8.00 to $6.00 in a research note on Friday, July 11th. Wall Street Zen lowered shares of AerSale from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 5th. Zacks Research raised shares of AerSale from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada upped their price objective on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.00.

AerSale Trading Down 5.6%

AerSale stock opened at $8.33 on Thursday. AerSale Corporation has a 12 month low of $4.53 and a 12 month high of $9.12. The firm has a market cap of $393.01 million, a PE ratio of 59.50 and a beta of 0.27. The company has a current ratio of 3.87, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $7.57 and its two-hundred day simple moving average is $7.02.

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).