Choreo LLC Acquires New Holdings in AerSale Co. (NASDAQ:ASLE)

Choreo LLC purchased a new position in shares of AerSale Co. (NASDAQ:ASLE) during the fourth quarter, Holdings Channel.com reports. The fund purchased 40,495 shares of the company’s stock, valued at approximately $514,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of AerSale by 19.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,034 shares of the company’s stock worth $180,000 after buying an additional 1,952 shares in the last quarter. Citigroup Inc. raised its holdings in shares of AerSale by 81.2% in the 3rd quarter. Citigroup Inc. now owns 14,902 shares of the company’s stock worth $223,000 after purchasing an additional 6,677 shares in the last quarter. Jump Financial LLC raised its holdings in shares of AerSale by 37.8% in the 3rd quarter. Jump Financial LLC now owns 26,741 shares of the company’s stock worth $400,000 after purchasing an additional 7,329 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of AerSale in the 3rd quarter worth approximately $494,000. Finally, Advisors Asset Management Inc. increased its position in shares of AerSale by 6.5% in the third quarter. Advisors Asset Management Inc. now owns 45,512 shares of the company’s stock worth $680,000 after acquiring an additional 2,789 shares in the last quarter. 69.48% of the stock is currently owned by institutional investors.

AerSale Stock Up 2.5 %

AerSale stock opened at $7.28 on Friday. The firm’s 50 day simple moving average is $7.52 and its 200-day simple moving average is $10.86. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.79 and a quick ratio of 1.90. AerSale Co. has a fifty-two week low of $6.26 and a fifty-two week high of $16.98.

AerSale (NASDAQ:ASLE) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.48). AerSale had a negative net margin of 1.66% and a negative return on equity of 1.82%. The company had revenue of $94.42 million for the quarter, compared to analysts’ expectations of $158.30 million. Analysts anticipate that AerSale Co. will post 0.32 earnings per share for the current fiscal year.

Insider Activity at AerSale

In other AerSale news, insider Nicolas Finazzo bought 35,277 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $7.52 per share, with a total value of $265,283.04. Following the completion of the transaction, the insider now directly owns 4,392,204 shares of the company’s stock, valued at approximately $33,029,374.08. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders have purchased 48,077 shares of company stock valued at $352,363. Corporate insiders own 50.60% of the company’s stock.

AerSale Profile

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).