XTX Topco Ltd Has $251,000 Position in AerSale Co. (NASDAQ:ASLE)

XTX Topco Ltd raised its stake in shares of AerSale Co. (NASDAQ:ASLE) by 81.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,282 shares of the company’s stock after buying an additional 16,333 shares during the quarter. XTX Topco Ltd owned about 0.07% of AerSale worth $251,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ASLE. Allspring Global Investments Holdings LLC acquired a new position in shares of AerSale in the 2nd quarter valued at approximately $107,000. American International Group Inc. grew its position in shares of AerSale by 30.5% in the 1st quarter. American International Group Inc. now owns 16,605 shares of the company’s stock valued at $119,000 after purchasing an additional 3,878 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of AerSale in the 2nd quarter valued at approximately $182,000. Trexquant Investment LP acquired a new position in shares of AerSale in the 4th quarter valued at approximately $190,000. Finally, PNC Financial Services Group Inc. grew its position in shares of AerSale by 38.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,684 shares of the company’s stock valued at $212,000 after purchasing an additional 4,650 shares during the period. 69.48% of the stock is currently owned by institutional investors and hedge funds.

AerSale Stock Down 0.4 %

Shares of AerSale stock opened at $5.09 on Friday. AerSale Co. has a 12-month low of $4.70 and a 12-month high of $16.69. The stock has a market cap of $270.84 million, a P/E ratio of -508.49 and a beta of 0.23. The business’s 50 day moving average is $5.51 and its 200-day moving average is $6.56.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). AerSale had a negative return on equity of 0.95% and a negative net margin of 0.07%. The company had revenue of $77.10 million for the quarter, compared to the consensus estimate of $87.66 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that AerSale Co. will post 0.21 EPS for the current year.

Insider Activity at AerSale

In other news, insider Nicolas Finazzo acquired 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $5.36 per share, with a total value of $107,200.00. Following the acquisition, the insider now directly owns 37,000 shares in the company, valued at approximately $198,320. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 37.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on ASLE. Royal Bank of Canada cut their target price on AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 8th. Stifel Nicolaus cut their target price on AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial cut their target price on AerSale from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

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).