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

AerSale (NASDAQ:ASLE) was upgraded by stock analysts at TD Cowen to a “hold” rating in a report issued on Thursday,Zacks.com reports.

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 note on Friday, October 18th.

AerSale Price Performance

Shares of ASLE stock opened at $6.20 on Thursday. The company has a market cap of $329.91 million, a PE ratio of 620.62 and a beta of 0.28. The stock’s 50 day simple moving average is $5.84 and its two-hundred day simple moving average is $5.88. AerSale has a 1 year low of $4.53 and a 1 year high of $13.43.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Millennium Management LLC increased its holdings in shares of AerSale by 520.7% during the second quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock valued at $4,026,000 after acquiring an additional 488,081 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of AerSale by 683.1% during the second quarter. Marshall Wace LLP now owns 207,338 shares of the company’s stock worth $1,435,000 after buying an additional 180,860 shares during the period. Meros Investment Management LP grew its holdings in shares of AerSale by 38.4% during the third quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock valued at $2,271,000 after buying an additional 124,669 shares during the last quarter. Raffles Associates LP purchased a new position in AerSale in the 2nd quarter worth $692,000. Finally, AQR Capital Management LLC lifted its position in AerSale by 194.5% during the 2nd quarter. AQR Capital Management LLC now owns 141,952 shares of the company’s stock worth $982,000 after acquiring an additional 93,745 shares during the period. 69.48% of the stock is owned by institutional investors.

About AerSale

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).