M3F Inc. Sells 681,846 Shares of AerSale Corporation $ASLE

M3F Inc. trimmed its holdings in AerSale Corporation (NASDAQ:ASLE) by 19.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,791,074 shares of the company’s stock after selling 681,846 shares during the quarter. AerSale makes up approximately 6.5% of M3F Inc.’s holdings, making the stock its 6th biggest holding. M3F Inc. owned 0.06% of AerSale worth $22,859,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new stake in AerSale in the second quarter valued at $66,000. AlphaQuest LLC increased its position in shares of AerSale by 251.0% during the 3rd quarter. AlphaQuest LLC now owns 12,040 shares of the company’s stock worth $99,000 after purchasing an additional 8,610 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in AerSale in the 3rd quarter valued at about $148,000. Brevan Howard Capital Management LP acquired a new position in AerSale in the second quarter valued at about $156,000. Finally, Amundi acquired a new position in AerSale in the first quarter valued at about $161,000. Institutional investors and hedge funds own 69.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ASLE shares. Truist Financial dropped their price target on shares of AerSale from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of AerSale in a research report on Monday, December 29th. Finally, Wall Street Zen lowered AerSale from a “buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AerSale currently has an average rating of “Reduce” and a consensus price target of $7.00.

AerSale Stock Up 1.3%

Shares of NASDAQ:ASLE opened at $7.80 on Friday. The firm has a market capitalization of $368.08 million, a PE ratio of 60.00 and a beta of 0.15. AerSale Corporation has a 1 year low of $5.56 and a 1 year 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 firm’s 50-day moving average is $7.41 and its two-hundred day moving average is $7.53.

AerSale Company Profile

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.