Key Points
- Nicolas Finazzo bought 1,707 AerSale shares on Nov. 20 at an average price of $5.99, a purchase worth $10,224.93 that raised his holdings to 38,267 shares (a 4.67% increase).
- AerSale recently missed quarterly expectations, reporting $0.04 EPS vs. $0.10 expected and revenue of $71.19 million vs. $93.86 million consensus, signaling weaker near-term results.
- The stock trades near $6.19 with a 52-week range of $5.56–$9.12, and analysts' consensus is a Reduce rating with an average price target of $7.00.
AerSale Corporation (NASDAQ:ASLE - Get Free Report) insider Nicolas Finazzo purchased 1,707 shares of the firm's stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average price of $5.99 per share, for a total transaction of $10,224.93. Following the completion of the transaction, the insider owned 38,267 shares in the company, valued at $229,219.33. The trade was a 4.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nicolas Finazzo also recently made the following trade(s):
- On Wednesday, November 19th, Nicolas Finazzo acquired 1,560 shares of AerSale stock. The stock was acquired at an average cost of $5.99 per share, for a total transaction of $9,344.40.
AerSale Price Performance
Shares of ASLE stock traded up $0.19 during trading hours on Friday, hitting $6.19. 533,200 shares of the company's stock were exchanged, compared to its average volume of 523,931. AerSale Corporation has a 52 week low of $5.56 and a 52 week high of $9.12. The stock has a market cap of $292.08 million, a price-to-earnings ratio of 47.62 and a beta of 0.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 0.92. The stock's 50-day moving average is $7.46 and its 200-day moving average is $7.02.
AerSale (NASDAQ:ASLE - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The business had revenue of $71.19 million during the quarter, compared to the consensus estimate of $93.86 million. AerSale had a net margin of 1.73% and a return on equity of 2.10%. As a group, research analysts forecast that AerSale Corporation will post 0.09 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Truist Financial reduced their target price 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 reissued a "sell (d)" rating on shares of AerSale in a report on Monday. Zacks Research downgraded AerSale from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Wall Street Zen lowered AerSale from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Royal Bank Of Canada lifted their target price on AerSale from $7.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $7.00.
Check Out Our Latest Research Report on ASLE
Hedge Funds Weigh In On AerSale
Institutional investors and hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. bought a new stake in shares of AerSale in the 3rd quarter valued at $151,000. Polymer Capital Management US LLC acquired a new position in AerSale in the third quarter valued at about $213,000. Prelude Capital Management LLC bought a new stake in shares of AerSale in the third quarter worth about $202,000. Numerai GP LLC bought a new stake in shares of AerSale in the third quarter worth about $327,000. Finally, Millennium Management LLC raised its position in shares of AerSale by 66.4% during the third quarter. Millennium Management LLC now owns 723,270 shares of the company's stock worth $5,924,000 after purchasing an additional 288,699 shares during the period. Institutional investors and hedge funds own 69.48% of the company's stock.
AerSale Company Profile
(
Get Free Report)
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).
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
