Bourgeon Capital Management LLC Sells 92,500 Shares of AerSale Co. (NASDAQ:ASLE)

Bourgeon Capital Management LLC reduced its position in shares of AerSale Co. (NASDAQ:ASLE) by 34.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 172,791 shares of the company’s stock after selling 92,500 shares during the quarter. Bourgeon Capital Management LLC owned about 0.32% of AerSale worth $1,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASLE. nVerses Capital LLC boosted its stake in AerSale by 75.0% during the third quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $25,000 after buying an additional 2,100 shares during the period. SG Americas Securities LLC purchased a new position in shares of AerSale during the 3rd quarter worth about $59,000. Virtu Financial LLC purchased a new position in shares of AerSale during the 3rd 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 worth $97,000 after purchasing an additional 3,531 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in AerSale by 162.6% in the third 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. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Price Performance

ASLE stock opened at $6.75 on Wednesday. AerSale Co. has a 1-year low of $4.53 and a 1-year high of $10.85. The business has a 50-day moving average price of $6.24 and a 200 day moving average price of $5.79. The company has a market capitalization of $359.17 million, a P/E ratio of 675.68 and a beta of 0.27.

Analysts Set New Price Targets

ASLE has been the subject of a number of research analyst reports. Truist Financial decreased their price target on AerSale from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 18th. TD Cowen upgraded AerSale to a “hold” rating in a research note 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).