Insider Selling: AerSale Co. (NASDAQ:ASLE) Insider Sells 2,401 Shares of 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 completion of the sale, the insider now owns 70,948 shares in the company, valued at approximately $426,397.48. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

AerSale Stock Performance

Shares of NASDAQ ASLE traded up $0.10 during mid-day trading on Monday, hitting $6.40. 158,517 shares of the stock traded hands, compared to its average volume of 233,557. The company has a market cap of $340.55 million, a price-to-earnings ratio of 640.64 and a beta of 0.27. The stock has a fifty day moving average price of $6.12 and a 200-day moving average price of $5.80. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $11.03.

Institutional Trading of AerSale

A number of hedge funds have recently modified their holdings of ASLE. nVerses Capital LLC lifted its position in AerSale by 75.0% during the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after acquiring an additional 2,100 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of AerSale by 33.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after purchasing an additional 3,531 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of AerSale by 12.8% during the second quarter. American Century Companies Inc. now owns 36,480 shares of the company’s stock valued at $252,000 after purchasing an additional 4,134 shares during the last quarter. Rhumbline Advisers boosted its position in shares of AerSale by 11.7% in the 2nd quarter. Rhumbline Advisers now owns 51,996 shares of the company’s stock worth $360,000 after purchasing an additional 5,463 shares in the last quarter. Finally, State Street Corp grew its stake in shares of AerSale by 1.1% in the 3rd quarter. State Street Corp now owns 660,553 shares of the company’s stock worth $3,336,000 after buying an additional 7,036 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Analysts Set New Price Targets

ASLE has been the subject of a number of research analyst reports. Truist Financial dropped 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 raised shares of AerSale to a “hold” rating in a research note on Thursday, December 19th.

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).