TD Cowen Upgrades AerSale (NASDAQ:ASLE) to Hold

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

Separately, Truist Financial dropped 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.

AerSale Price Performance

ASLE opened at $6.12 on Thursday. The firm has a market cap of $325.65 million, a PE ratio of 612.61 and a beta of 0.28. The stock has a 50-day moving average price of $5.82 and a 200-day moving average price of $5.89. AerSale has a 1 year low of $4.53 and a 1 year high of $13.43.

Hedge Funds Weigh In On AerSale

A number of hedge funds have recently bought and sold shares of ASLE. Virtu Financial LLC purchased a new stake in shares of AerSale during the 3rd quarter valued at about $82,000. Barclays PLC grew its position in AerSale by 266.5% in the 3rd quarter. Barclays PLC now owns 44,003 shares of the company’s stock worth $222,000 after purchasing an additional 31,996 shares during the period. Meros Investment Management LP raised its stake in AerSale by 38.4% during the 3rd 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. Geode Capital Management LLC boosted its stake in shares of AerSale by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 762,669 shares of the company’s stock worth $3,852,000 after buying an additional 11,304 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of AerSale by 60.1% in the third quarter. XTX Topco Ltd now owns 58,095 shares of the company’s stock worth $293,000 after acquiring an additional 21,813 shares during the period. Hedge funds and other institutional investors own 69.48% of the company’s stock.

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).