Jacobs Levy Equity Management Inc. Buys 21,952 Shares of AerSale Co. (NASDAQ:ASLE)

Jacobs Levy Equity Management Inc. grew its stake in shares of AerSale Co. (NASDAQ:ASLE) by 162.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,449 shares of the company’s stock after buying an additional 21,952 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.07% of AerSale worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ASLE. Vanguard Group Inc. lifted its holdings in shares of AerSale by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,601,916 shares of the company’s stock valued at $11,502,000 after purchasing an additional 63,615 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of AerSale by 9.3% during the 1st quarter. California State Teachers Retirement System now owns 29,579 shares of the company’s stock valued at $212,000 after purchasing an additional 2,506 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of AerSale during the 2nd quarter valued at about $182,000. Private Capital Management LLC lifted its holdings in shares of AerSale by 27.4% during the 1st quarter. Private Capital Management LLC now owns 1,849,539 shares of the company’s stock valued at $13,280,000 after purchasing an additional 398,200 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of AerSale by 14.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 119,693 shares of the company’s stock valued at $828,000 after purchasing an additional 14,828 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on AerSale from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, October 18th.

AerSale Stock Performance

NASDAQ ASLE opened at $6.29 on Wednesday. The stock has a market capitalization of $334.70 million, a price-to-earnings ratio of 629.00 and a beta of 0.28. The stock’s 50 day moving average price is $5.63 and its two-hundred day moving average price is $5.94. AerSale Co. has a 52 week low of $4.53 and a 52 week high of $15.20.

Insider Buying and Selling at AerSale

In other news, insider Nicolas Finazzo bought 20,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $5.36 per share, for a total transaction of $107,200.00. Following the purchase, the insider now owns 37,000 shares of the company’s stock, valued at approximately $198,320. The trade was a 117.65 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 37.30% of the company’s stock.

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).