Price T Rowe Associates Inc. MD Buys 2,665 Shares of AerSale Co. (NASDAQ:ASLE)

Price T Rowe Associates Inc. MD boosted its holdings in shares of AerSale Co. (NASDAQ:ASLE) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,277 shares of the company’s stock after acquiring an additional 2,665 shares during the period. Price T Rowe Associates Inc. MD’s holdings in AerSale were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASLE. Spire Wealth Management acquired a new stake in shares of AerSale in the fourth quarter valued at about $27,000. Bfsg LLC bought a new position in shares of AerSale in the fourth quarter valued at about $68,000. Franklin Resources Inc. bought a new position in shares of AerSale in the fourth quarter valued at about $75,000. Bleakley Financial Group LLC bought a new position in shares of AerSale in the fourth quarter valued at about $86,000. Finally, Intech Investment Management LLC bought a new position in shares of AerSale in the fourth quarter valued at about $90,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced 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, May 8th.

AerSale Price Performance

ASLE opened at $6.27 on Monday. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $8.76. The business has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $6.73. The company has a market capitalization of $293.81 million, a PE ratio of 627.63 and a beta of 0.30.

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).