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

AerSale Co. (NASDAQ:ASLE) insider Enrique Pizzi sold 2,401 shares of AerSale stock in a transaction that occurred on 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. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AerSale Trading Up 0.3 %

NASDAQ:ASLE opened at $6.42 on Wednesday. The stock has a 50 day simple moving average of $6.16 and a 200 day simple moving average of $5.79. The stock has a market cap of $341.61 million, a P/E ratio of 642.64 and a beta of 0.27. AerSale Co. has a 1-year low of $4.53 and a 1-year high of $11.03.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ASLE shares. TD Cowen raised AerSale to a “hold” rating in a report on Thursday, December 19th. Truist Financial cut 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.

Institutional Investors Weigh In On AerSale

A number of hedge funds and other institutional investors have recently modified their holdings of ASLE. Millennium Management LLC grew its stake in shares of AerSale by 520.7% in the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after acquiring an additional 488,081 shares in the last quarter. Marshall Wace LLP grew its position in shares of AerSale by 683.1% during the 2nd quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock worth $1,435,000 after purchasing an additional 180,860 shares in the last quarter. Meros Investment Management LP increased its holdings in shares of AerSale by 38.4% during the third quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock worth $2,271,000 after purchasing an additional 124,669 shares during the period. Raffles Associates LP acquired a new stake in shares of AerSale in the second quarter valued at approximately $692,000. Finally, AQR Capital Management LLC boosted its stake in shares of AerSale by 194.5% in the second quarter. AQR Capital Management LLC now owns 141,952 shares of the company’s stock valued at $982,000 after buying an additional 93,745 shares during the period. Institutional investors and hedge funds own 69.48% of the company’s stock.

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).