Squarepoint Ops LLC Lowers Stock Holdings in AerSale Co. (NASDAQ:ASLE)

Squarepoint Ops LLC reduced its holdings in AerSale Co. (NASDAQ:ASLE) by 87.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,915 shares of the company’s stock after selling 286,812 shares during the period. Squarepoint Ops LLC owned about 0.08% of AerSale worth $297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new stake in AerSale in the 2nd quarter valued at $107,000. American International Group Inc. raised its position in shares of AerSale by 30.5% during the 1st quarter. American International Group Inc. now owns 16,605 shares of the company’s stock worth $119,000 after purchasing an additional 3,878 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in AerSale in the 2nd quarter valued at about $182,000. PNC Financial Services Group Inc. boosted its holdings in AerSale by 38.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,684 shares of the company’s stock worth $212,000 after buying an additional 4,650 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in AerSale by 9.3% during the 1st quarter. California State Teachers Retirement System now owns 29,579 shares of the company’s stock worth $212,000 after buying an additional 2,506 shares in the last quarter. 69.48% of the stock is currently owned by hedge funds and other institutional investors.

AerSale Price Performance

ASLE stock opened at $4.85 on Friday. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $16.69. The firm has a market capitalization of $258.07 million, a PE ratio of -485,000.00 and a beta of 0.23. The business has a 50 day simple moving average of $5.10 and a 200-day simple moving average of $6.38.

AerSale (NASDAQ:ASLE) last issued its earnings results 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 during the quarter, compared to analyst estimates of $87.66 million. During the same period last year, the business earned ($0.08) earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that AerSale Co. will post 0.21 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on AerSale from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada decreased their price objective on AerSale from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial dropped their target price on shares of AerSale from $12.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

Insider Buying and Selling at AerSale

In other news, insider Nicolas Finazzo purchased 20,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $5.36 per share, for a total transaction of $107,200.00. Following the acquisition, the insider now directly owns 37,000 shares of the company’s stock, valued at approximately $198,320. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.30% of the stock is currently owned by company insiders.

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).