Fox Run Management L.L.C. Acquires New Stake in AerSale Co. (NASDAQ:ASLE)

Fox Run Management L.L.C. bought a new stake in shares of AerSale Co. (NASDAQ:ASLE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 64,479 shares of the company’s stock, valued at approximately $406,000.

Several other institutional investors also recently bought and sold shares of the company. Private Management Group Inc. purchased a new position in shares of AerSale in the fourth quarter valued at approximately $6,994,000. Peapod Lane Capital LLC purchased a new position in AerSale in the 4th quarter valued at approximately $2,499,000. Meros Investment Management LP grew its stake in shares of AerSale by 38.4% in the third quarter. Meros Investment Management LP now owns 449,631 shares of the company’s stock worth $2,271,000 after acquiring an additional 124,669 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of AerSale in the fourth quarter worth $261,000. Finally, Barclays PLC increased its position in shares of AerSale by 266.5% during the third quarter. Barclays PLC now owns 44,003 shares of the company’s stock worth $222,000 after acquiring an additional 31,996 shares during the period. 69.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. TD Cowen raised AerSale to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada boosted their price objective on AerSale from $7.00 to $8.00 and gave the stock a “sector perform” rating in a research report on Friday, March 7th.

AerSale Price Performance

NASDAQ:ASLE opened at $8.40 on Thursday. The firm has a market capitalization of $447.54 million, a PE ratio of 840.84 and a beta of 0.29. The business’s fifty day moving average price is $7.25 and its 200 day moving average price is $6.24. AerSale Co. has a 12 month low of $4.53 and a 12 month high of $9.40.

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).