AerSale (NASDAQ:ASLE) Shares Down 1.1% – Time to Sell?

AerSale Corporation (NASDAQ:ASLE)’s share price fell 1.1% during mid-day trading on Wednesday . The company traded as low as $7.30 and last traded at $7.32. 269,454 shares were traded during trading, a decline of 2% from the average session volume of 275,988 shares. The stock had previously closed at $7.40.

Analyst Ratings Changes

A number of research firms have commented on ASLE. Wall Street Zen cut shares of AerSale from a “buy” rating to a “hold” rating in a report on Tuesday, November 18th. Truist Financial cut their price objective on shares of AerSale from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of AerSale from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $7.00.

AerSale Stock Down 1.1%

The company has a current ratio of 4.41, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $345.43 million, a PE ratio of 56.31 and a beta of 0.12. The stock’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $7.22.

AerSale (NASDAQ:ASLE) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). AerSale had a net margin of 1.73% and a return on equity of 2.10%. The firm had revenue of $71.19 million for the quarter, compared to the consensus estimate of $93.86 million. As a group, sell-side analysts forecast that AerSale Corporation will post 0.09 EPS for the current fiscal year.

Insider Activity at AerSale

In other news, insider Nicolas Finazzo bought 6,352 shares of the company’s stock in a transaction on Friday, November 21st. The shares were purchased at an average price of $5.99 per share, with a total value of $38,048.48. Following the transaction, the insider directly owned 44,619 shares in the company, valued at $267,267.81. This represents a 16.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have purchased 9,619 shares of company stock worth $57,618. 19.20% of the stock is owned by company insiders.

Institutional Trading of AerSale

A number of institutional investors and hedge funds have recently modified their holdings of ASLE. Amundi bought a new stake in AerSale during the first quarter worth $161,000. Jane Street Group LLC increased its position in shares of AerSale by 1,250.8% during the 1st quarter. Jane Street Group LLC now owns 174,543 shares of the company’s stock valued at $1,307,000 after purchasing an additional 161,622 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of AerSale during the 1st quarter valued at $4,377,000. Callan Family Office LLC bought a new stake in shares of AerSale during the 2nd quarter worth $74,000. Finally, Peapod Lane Capital LLC boosted its holdings in shares of AerSale by 12.0% in the 2nd quarter. Peapod Lane Capital LLC now owns 445,948 shares of the company’s stock worth $2,680,000 after buying an additional 47,880 shares during the last quarter. 69.48% of the stock is owned by hedge funds and other institutional investors.

AerSale Company Profile

AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.