Several other equities analysts also recently weighed in on ACY. Zacks Investment Research downgraded AeroCentury from a hold rating to a sell rating in a research report on Friday, December 1st. ValuEngine downgraded AeroCentury from a strong-buy rating to a buy rating in a research report on Thursday, November 9th.
Shares of AeroCentury (ACY) opened at $14.50 on Monday. AeroCentury has a 12-month low of $8.65 and a 12-month high of $16.10.
A hedge fund recently raised its stake in AeroCentury stock. Renaissance Technologies LLC raised its holdings in shares of AeroCentury Corp. (NYSEAMERICAN:ACY) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Renaissance Technologies LLC’s holdings in AeroCentury were worth $176,000 at the end of the most recent quarter.
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AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. The business of the Company is managed by JetFleet Management Corp. (JMC), an integrated aircraft management, marketing and financing business.
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