Hotchkis & Wiley Capital Management LLC Lowers Stake in AerSale Co. (NASDAQ:ASLE)

Hotchkis & Wiley Capital Management LLC reduced its holdings in shares of AerSale Co. (NASDAQ:ASLE) by 23.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,004,420 shares of the company’s stock after selling 309,380 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in AerSale were worth $5,072,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ASLE. Vanguard Group Inc. grew its position in AerSale by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,601,916 shares of the company’s stock worth $11,502,000 after purchasing an additional 63,615 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of AerSale by 9.3% in the 1st quarter. California State Teachers Retirement System now owns 29,579 shares of the company’s stock worth $212,000 after acquiring an additional 2,506 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of AerSale in the 2nd quarter worth $182,000. Private Capital Management LLC lifted its stake in shares of AerSale by 27.4% in the 1st quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock worth $13,280,000 after acquiring an additional 398,200 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of AerSale by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,693 shares of the company’s stock worth $828,000 after acquiring an additional 14,828 shares during the period. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Stock Down 2.4 %

Shares of NASDAQ ASLE opened at $6.14 on Friday. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $16.69. The firm has a 50-day moving average price of $5.54 and a 200 day moving average price of $5.99. The stock has a market capitalization of $326.72 million, a price-to-earnings ratio of 614.00 and a beta of 0.28.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASLE shares. Truist Financial reduced 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. Stifel Nicolaus reduced their target price on shares of AerSale from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada reduced their target price on shares of AerSale from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th.

Insider Activity at AerSale

In related news, insider Nicolas Finazzo acquired 20,000 shares of AerSale stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $5.36 per share, for a total transaction of $107,200.00. Following the completion of the purchase, the insider now directly owns 37,000 shares of the company’s stock, valued at approximately $198,320. This trade represents a 117.65 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 37.30% 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).