Barclays PLC Raises Stake in AerSale Co. (NASDAQ:ASLE)

Barclays PLC increased its stake in AerSale Co. (NASDAQ:ASLE) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,618 shares of the company’s stock after purchasing an additional 7,615 shares during the quarter. Barclays PLC’s holdings in AerSale were worth $325,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Spire Wealth Management purchased a new position in AerSale in the fourth quarter valued at about $27,000. Bfsg LLC purchased a new position in AerSale in the 4th quarter valued at approximately $68,000. Franklin Resources Inc. acquired a new position in AerSale during the fourth quarter worth $75,000. Bleakley Financial Group LLC purchased a new stake in AerSale during the fourth quarter worth $86,000. Finally, Intech Investment Management LLC acquired a new stake in AerSale in the fourth quarter valued at $90,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

AerSale Price Performance

Shares of AerSale stock opened at $6.09 on Friday. The business has a 50 day moving average price of $7.35 and a 200 day moving average price of $6.69. The company has a market capitalization of $285.38 million, a P/E ratio of 609.61 and a beta of 0.30. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $8.76.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada cut their price target on AerSale from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Thursday.

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).