Enrique Pizzi Sells 2,401 Shares of AerSale Co. (NASDAQ:ASLE) Stock

AerSale Co. (NASDAQ:ASLE) insider Enrique Pizzi sold 2,401 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $6.01, for a total value of $14,430.01. Following the transaction, the insider now owns 70,948 shares of the company’s stock, valued at $426,397.48. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

AerSale Stock Performance

NASDAQ ASLE opened at $6.46 on Thursday. The stock has a market cap of $343.74 million, a price-to-earnings ratio of 646.65 and a beta of 0.27. The business has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $5.79. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $11.03.

Institutional Investors Weigh In On AerSale

A number of hedge funds and other institutional investors have recently made changes to their positions in ASLE. nVerses Capital LLC boosted its stake in AerSale by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after purchasing an additional 2,100 shares during the period. SG Americas Securities LLC acquired a new position in shares of AerSale during the third quarter worth about $59,000. Virtu Financial LLC bought a new position in shares of AerSale during the third quarter worth about $82,000. The Manufacturers Life Insurance Company raised its position in AerSale by 33.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after buying an additional 3,531 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in AerSale by 162.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 35,449 shares of the company’s stock valued at $179,000 after acquiring an additional 21,952 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASLE has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, October 18th. TD Cowen raised shares of AerSale to a “hold” rating in a report on Thursday, December 19th.

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).