AerSale (NASDAQ:ASLE) Upgraded to Hold at TD Cowen

TD Cowen upgraded shares of AerSale (NASDAQ:ASLE) to a hold rating in a research note released on Thursday,Zacks.com reports.

Separately, Truist Financial dropped their price objective on shares of AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, October 18th.

AerSale Stock Performance

Shares of AerSale stock opened at $6.12 on Thursday. The business has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $5.89. The company has a market cap of $325.65 million, a PE ratio of 612.61 and a beta of 0.28. AerSale has a one year low of $4.53 and a one year high of $13.43.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in AerSale during the third quarter worth approximately $82,000. Barclays PLC raised its holdings in AerSale by 266.5% during the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock worth $222,000 after purchasing an additional 31,996 shares in the last quarter. Meros Investment Management LP lifted its position in shares of AerSale by 38.4% during the 3rd quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock worth $2,271,000 after buying an additional 124,669 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of AerSale by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock worth $3,852,000 after buying an additional 11,304 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of 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 buying an additional 21,813 shares in the last quarter. Hedge funds and other institutional investors 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).