TheStreet Upgrades AeroCentury (ACY) to “B-“

AeroCentury (NYSEAMERICAN:ACY) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a report issued on Monday.

Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of AeroCentury from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. ValuEngine cut shares of AeroCentury from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th.

Shares of AeroCentury (NYSEAMERICAN:ACY) traded down $0.05 during trading on Monday, reaching $15.15. 3,037 shares of the company’s stock traded hands, compared to its average volume of 7,234. AeroCentury has a 1 year low of $8.65 and a 1 year high of $16.10.

An institutional investor recently raised its position in AeroCentury stock. Renaissance Technologies LLC increased its stake in shares of AeroCentury Corp. (NYSEAMERICAN:ACY) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 Company Profile

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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