Spire Wealth Management Invests $27,000 in AerSale Co. (NASDAQ:ASLE)

Spire Wealth Management bought a new stake in AerSale Co. (NASDAQ:ASLE) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,270 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in 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 purchasing an additional 488,081 shares in the last quarter. Geode Capital Management LLC boosted its stake in AerSale by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock valued at $3,852,000 after buying an additional 11,304 shares in the last quarter. Barclays PLC grew its position in AerSale by 266.5% in the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock valued at $222,000 after acquiring an additional 31,996 shares during the period. Meros Investment Management LP grew its position in AerSale by 38.4% in the third quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock valued at $2,271,000 after acquiring an additional 124,669 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in AerSale by 33.6% during the second quarter. The Manufacturers Life Insurance Company now owns 14,027 shares of the company’s stock worth $97,000 after acquiring an additional 3,531 shares in the last quarter. Institutional investors and hedge funds own 69.48% of the company’s stock.

Wall Street Analyst Weigh In

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

AerSale Stock Performance

Shares of ASLE opened at $6.90 on Monday. The stock has a fifty day moving average price of $6.40 and a two-hundred day moving average price of $5.79. The company has a market cap of $367.15 million, a price-to-earnings ratio of 690.69 and a beta of 0.28. AerSale Co. has a 52-week low of $4.53 and a 52-week high of $9.79.

AerSale 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).