Virtu Financial LLC Takes $82,000 Position in AerSale Co. (NASDAQ:ASLE)

Virtu Financial LLC acquired a new position in AerSale Co. (NASDAQ:ASLE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,315 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors also recently modified their holdings of the business. nVerses Capital LLC grew its position in shares of AerSale by 75.0% in the 3rd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $25,000 after buying an additional 2,100 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of AerSale in the third quarter worth approximately $59,000. The Manufacturers Life Insurance Company boosted its holdings in AerSale by 33.6% in the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock valued at $97,000 after acquiring an additional 3,531 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in AerSale during the 2nd quarter valued at approximately $107,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in AerSale by 162.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 35,449 shares of the company’s stock worth $179,000 after purchasing an additional 21,952 shares during the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

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

AerSale Stock Performance

Shares of ASLE stock opened at $6.12 on Friday. The company has a market cap of $325.65 million, a P/E ratio of 612.61 and a beta of 0.28. AerSale Co. has a fifty-two week low of $4.53 and a fifty-two week high of $13.43. The stock has a 50 day simple moving average of $5.82 and a two-hundred day simple moving average of $5.89.

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).