Boston Partners lessened its position in AerSale Co. (NASDAQ:ASLE – Free Report) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 76,465 shares of the company’s stock after selling 9,375 shares during the period. Boston Partners’ holdings in AerSale were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Spire Wealth Management bought a new stake in AerSale in the fourth quarter valued at approximately $27,000. Bfsg LLC bought a new stake in AerSale in the 4th quarter valued at $68,000. Bleakley Financial Group LLC acquired a new stake in AerSale during the 4th quarter valued at $86,000. Intech Investment Management LLC bought a new position in AerSale during the fourth quarter worth $90,000. Finally, Virtu Financial LLC acquired a new position in shares of AerSale in the third quarter valued at $82,000. 69.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on ASLE shares. Royal Bank of Canada raised their target price on shares of AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research note on Friday, March 7th. TD Cowen upgraded AerSale to a “hold” rating in a report on Thursday, December 19th.
AerSale Stock Performance
Shares of AerSale stock opened at $8.19 on Monday. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $9.40. The stock has a market cap of $436.35 million, a PE ratio of 819.82 and a beta of 0.29. The firm has a 50-day moving average of $7.13 and a 200-day moving average of $6.18.
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).
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