Key Points
- Nicolas Finazzo bought 6,352 AerSale shares on Nov. 21 at $5.99 (totaling $38,048.48), bringing his stake to 44,619 shares after additional buys of 1,707 and 1,560 shares on Nov. 20 and 19.
- AerSale missed Q3 estimates, reporting $0.04 EPS vs. $0.10 expected and $71.2M revenue vs. $93.9M, and is trading around $6.40 with a market cap of roughly $302M.
- Analysts' consensus is a "Reduce" rating with a $7.00 price target (four Holds, one Sell), and institutional investors own about 69.5% of the company.
AerSale Corporation (NASDAQ:ASLE - Get Free Report) insider Nicolas Finazzo acquired 6,352 shares of the business's stock in a transaction that occurred on Friday, November 21st. The shares were bought at an average price of $5.99 per share, for a total transaction of $38,048.48. Following the completion of the purchase, the insider owned 44,619 shares of the company's stock, valued at approximately $267,267.81. This represents a 16.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Nicolas Finazzo also recently made the following trade(s):
- On Thursday, November 20th, Nicolas Finazzo bought 1,707 shares of AerSale stock. The stock was bought at an average price of $5.99 per share, with a total value of $10,224.93.
- On Wednesday, November 19th, Nicolas Finazzo bought 1,560 shares of AerSale stock. The shares were bought at an average cost of $5.99 per share, for a total transaction of $9,344.40.
AerSale Trading Up 0.5%
AerSale stock opened at $6.40 on Wednesday. AerSale Corporation has a 12-month low of $5.56 and a 12-month high of $9.12. 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 has a market capitalization of $302.02 million, a PE ratio of 49.23 and a beta of 0.24. The firm has a 50 day simple moving average of $7.37 and a 200-day simple moving average of $7.02.
AerSale (NASDAQ:ASLE - Get Free Report) last released its 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). The firm had revenue of $71.19 million during the quarter, compared to analyst estimates of $93.86 million. AerSale had a return on equity of 2.10% and a net margin of 1.73%. As a group, equities research analysts expect that AerSale Corporation will post 0.09 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP lifted its position in AerSale by 133.1% in the 1st quarter. Quantbot Technologies LP now owns 7,500 shares of the company's stock worth $56,000 after buying an additional 4,282 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of AerSale in the second quarter worth $66,000. Callan Family Office LLC purchased a new stake in shares of AerSale during the second quarter worth $74,000. BNP Paribas Financial Markets boosted its position in AerSale by 45.6% during the third quarter. BNP Paribas Financial Markets now owns 9,813 shares of the company's stock valued at $80,000 after purchasing an additional 3,071 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in AerSale by 251.0% during the third quarter. AlphaQuest LLC now owns 12,040 shares of the company's stock valued at $99,000 after purchasing an additional 8,610 shares during the last quarter. Institutional investors and hedge funds own 69.48% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on ASLE. Weiss Ratings reissued a "sell (d)" rating on shares of AerSale in a report on Monday. Royal Bank Of Canada boosted their target price on AerSale from $7.00 to $8.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Truist Financial reduced their target price on AerSale from $7.00 to $6.00 and set a "hold" rating for the company in a report on Monday, November 10th. Zacks Research cut AerSale from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of AerSale from a "buy" rating to a "hold" rating in a research note on Tuesday, November 18th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $7.00.
Get Our Latest Analysis on AerSale
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).
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