State Street Corp Grows Holdings in AerSale Co. (NASDAQ:ASLE)

State Street Corp increased its stake in AerSale Co. (NASDAQ:ASLE) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 660,553 shares of the company’s stock after buying an additional 7,036 shares during the period. State Street Corp’s holdings in AerSale were worth $3,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of AerSale by 520.7% in the 2nd quarter. Millennium Management LLC now owns 581,814 shares of the company’s stock worth $4,026,000 after purchasing an additional 488,081 shares during the last quarter. Meros Investment Management LP increased its holdings in AerSale by 25.3% in the second quarter. Meros Investment Management LP now owns 324,962 shares of the company’s stock valued at $2,249,000 after buying an additional 65,629 shares during the last quarter. GSA Capital Partners LLP raised its stake in AerSale by 47.8% during the third quarter. GSA Capital Partners LLP now owns 219,082 shares of the company’s stock valued at $1,106,000 after buying an additional 70,887 shares in the last quarter. Marshall Wace LLP lifted its holdings in AerSale by 683.1% during the 2nd 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 last quarter. Finally, AQR Capital Management LLC grew its position in shares of AerSale by 194.5% in 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 in the last quarter. 69.48% of the stock is owned by institutional investors and hedge funds.

AerSale Stock Performance

Shares of ASLE stock opened at $6.15 on Tuesday. AerSale Co. has a 1 year low of $4.53 and a 1 year high of $12.90. The firm has a market capitalization of $327.25 million, a PE ratio of 615.62 and a beta of 0.28. The stock has a fifty day moving average of $5.95 and a two-hundred day moving average of $5.83.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ASLE shares. Truist Financial dropped their price target on AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. TD Cowen raised shares of AerSale to a “hold” rating in a report on Thursday, December 19th.

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).