AerSale (NASDAQ:ASLE) Given New $8.00 Price Target at Royal Bank of Canada

AerSale (NASDAQ:ASLE) had its price objective upped by Royal Bank of Canada from $7.00 to $8.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Separately, TD Cowen raised shares of AerSale to a “hold” rating in a research note on Thursday, December 19th.

AerSale Stock Up 16.5 %

ASLE stock opened at $8.24 on Friday. The company’s 50-day simple moving average is $6.69 and its 200-day simple moving average is $5.93. AerSale has a 52-week low of $4.53 and a 52-week high of $9.40. The firm has a market cap of $438.46 million, a P/E ratio of 824.82 and a beta of 0.29.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ASLE. GSA Capital Partners LLP raised its position in shares of AerSale by 47.8% during the 3rd quarter. GSA Capital Partners LLP now owns 219,082 shares of the company’s stock worth $1,106,000 after purchasing an additional 70,887 shares during the last quarter. Raffles Associates LP raised its position in shares of AerSale by 15.0% during the 3rd quarter. Raffles Associates LP now owns 115,000 shares of the company’s stock worth $581,000 after purchasing an additional 15,000 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of AerSale by 162.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 35,449 shares of the company’s stock worth $179,000 after purchasing an additional 21,952 shares during the last quarter. State Street Corp raised its holdings in AerSale by 1.1% in the 3rd quarter. State Street Corp now owns 660,553 shares of the company’s stock valued at $3,336,000 after acquiring an additional 7,036 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in AerSale by 60.1% in the 3rd quarter. XTX Topco Ltd now owns 58,095 shares of the company’s stock valued at $293,000 after acquiring an additional 21,813 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

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).