Barclays PLC Increases Stock Position in AerSale Co. (NASDAQ:ASLE)

Barclays PLC raised its holdings in AerSale Co. (NASDAQ:ASLE) by 266.5% during the 3rd quarter, Holdings Channel reports. The firm owned 44,003 shares of the company’s stock after purchasing an additional 31,996 shares during the quarter. Barclays PLC’s holdings in AerSale were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. nVerses Capital LLC lifted its stake in shares of AerSale by 75.0% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after buying an additional 2,100 shares during the period. SG Americas Securities LLC acquired a new position in AerSale during the third quarter worth approximately $59,000. The Manufacturers Life Insurance Company increased its position in AerSale by 33.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after purchasing an additional 3,531 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in AerSale during the second quarter worth approximately $107,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of AerSale by 162.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 35,449 shares of the company’s stock worth $179,000 after acquiring an additional 21,952 shares in the last quarter. Hedge funds and other institutional investors own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ASLE shares. Truist Financial decreased their target price on shares of AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 18th. TD Cowen raised shares of AerSale to a “hold” rating in a report on Thursday, December 19th.

AerSale Stock Down 1.8 %

Shares of NASDAQ:ASLE opened at $6.12 on Tuesday. AerSale Co. has a fifty-two week low of $4.53 and a fifty-two week high of $11.64. The company has a market cap of $325.65 million, a PE ratio of 612.61 and a beta of 0.27. The company’s 50-day moving average price is $6.06 and its 200 day moving average price is $5.81.

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).