PNC Financial Services Group Inc. Purchases 4,650 Shares of AerSale Co. (NASDAQ:ASLE)

PNC Financial Services Group Inc. boosted its position in shares of AerSale Co. (NASDAQ:ASLE) by 38.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,684 shares of the company’s stock after purchasing an additional 4,650 shares during the quarter. PNC Financial Services Group Inc.’s holdings in AerSale were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ASLE. Psagot Value Holdings Ltd. Israel grew its holdings in shares of AerSale by 783.1% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 4,230 shares of the company’s stock valued at $54,000 after buying an additional 3,751 shares during the last quarter. Citigroup Inc. lifted its position in AerSale by 81.2% in the 3rd quarter. Citigroup Inc. now owns 14,902 shares of the company’s stock valued at $223,000 after acquiring an additional 6,677 shares in the last quarter. Trexquant Investment LP purchased a new stake in AerSale during the 4th quarter valued at $190,000. Choreo LLC purchased a new position in shares of AerSale in the fourth quarter worth $514,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of AerSale by 6.5% during the third quarter. Advisors Asset Management Inc. now owns 45,512 shares of the company’s stock valued at $680,000 after purchasing an additional 2,789 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

AerSale Price Performance

NASDAQ ASLE opened at $6.53 on Wednesday. AerSale Co. has a one year low of $6.26 and a one year high of $16.69. The stock has a 50-day moving average of $7.21 and a 200 day moving average of $8.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.11 and a current ratio of 7.17. The company has a market capitalization of $346.15 million, a price-to-earnings ratio of -653.00 and a beta of 0.25.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 EPS for the quarter. The firm had revenue of $90.54 million during the quarter, compared to analyst estimates of $81.30 million. AerSale had a net margin of 0.20% and a negative return on equity of 0.87%. On average, sell-side analysts forecast that AerSale Co. will post 0.32 EPS for the current year.

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).