Wells Fargo & Company MN Acquires 4,140 Shares of AerSale Co. (NASDAQ:ASLE)

Wells Fargo & Company MN lifted its position in AerSale Co. (NASDAQ:ASLE) by 20.1% during the 4th quarter, Holdings Channel reports. The firm owned 24,701 shares of the company’s stock after buying an additional 4,140 shares during the quarter. Wells Fargo & Company MN’s holdings in AerSale were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASLE. Barclays PLC increased its stake 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 purchasing an additional 31,996 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of AerSale by 46.4% during the fourth quarter. SG Americas Securities LLC now owns 17,073 shares of the company’s stock worth $108,000 after purchasing an additional 5,408 shares during the period. Spire Wealth Management bought a new stake in AerSale during the fourth quarter worth about $27,000. Private Management Group Inc. acquired a new stake in shares of AerSale during the 4th quarter worth approximately $6,994,000. Finally, Bleakley Financial Group LLC bought a new stake in shares of AerSale during the 4th quarter worth $86,000. 69.48% of the stock is owned by institutional investors and hedge funds.

AerSale Stock Down 1.1 %

Shares of ASLE opened at $6.09 on Friday. AerSale Co. has a twelve month low of $4.53 and a twelve month high of $8.76. The stock has a market capitalization of $285.38 million, a P/E ratio of 609.61 and a beta of 0.30. The firm has a fifty day simple moving average of $7.35 and a two-hundred day simple moving average of $6.68.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their price objective on AerSale from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Thursday.

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).