AerSale Corporation $ASLE Position Trimmed by M3F Inc.

M3F Inc. trimmed its position in AerSale Corporation (NASDAQ:ASLE) by 19.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,791,074 shares of the company’s stock after selling 681,846 shares during the period. AerSale comprises about 6.5% of M3F Inc.’s portfolio, making the stock its 6th largest holding. M3F Inc. owned approximately 5.91% of AerSale worth $22,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in shares of AerSale in the second quarter valued at approximately $66,000. AlphaQuest LLC lifted its holdings in AerSale by 251.0% in the 3rd quarter. AlphaQuest LLC now owns 12,040 shares of the company’s stock valued at $99,000 after purchasing an additional 8,610 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new position in AerSale in the 3rd quarter valued at $148,000. Semanteon Capital Management LP acquired a new stake in AerSale during the 3rd quarter worth $163,000. Finally, Amundi purchased a new stake in shares of AerSale during the first quarter worth $161,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of AerSale from a “buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research note on Monday, December 29th. Finally, Truist Financial decreased their target price on shares of AerSale from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AerSale currently has an average rating of “Reduce” and an average target price of $7.00.

AerSale Trading Up 1.3%

Shares of ASLE stock opened at $7.80 on Friday. The company has a current ratio of 4.41, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. AerSale Corporation has a twelve month low of $5.56 and a twelve month high of $9.12. The company’s 50-day moving average price is $7.41 and its 200-day moving average price is $7.53. The stock has a market cap of $368.08 million, a price-to-earnings ratio of 60.00 and a beta of 0.15.

About AerSale

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.