AeroCentury (ACY) Upgraded to B at TheStreet
Separately, Zacks Investment Research upgraded AeroCentury from a sell rating to a hold rating in a research note on Tuesday, July 31st.
Shares of ACY stock remained flat at $$15.60 during trading on Wednesday. The stock had a trading volume of 2,499 shares, compared to its average volume of 3,535. AeroCentury has a 52 week low of $10.10 and a 52 week high of $17.34.
Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in AeroCentury by 45.2% in the fourth quarter. Renaissance Technologies LLC now owns 42,400 shares of the company’s stock valued at $646,000 after acquiring an additional 13,200 shares during the last quarter. Leisure Capital Management increased its stake in AeroCentury by 9.3% in the second quarter. Leisure Capital Management now owns 50,952 shares of the company’s stock valued at $808,000 after acquiring an additional 4,332 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in AeroCentury by 100.3% in the fourth quarter. Deutsche Bank AG now owns 7,950 shares of the company’s stock valued at $121,000 after acquiring an additional 3,980 shares during the last quarter.
AeroCentury Company Profile
AeroCentury Corp., together with its subsidiaries, acquires and leases aircraft and aircraft engines to regional airlines in the United States and internationally. The company provides operating and finance leasing services of mid-life regional aircraft to carriers. It also sells aircraft from its operating lease portfolio to third parties, which includes other leasing companies, financial services companies, and airlines, as well as engages in parting out aircraft.
See Also: Diversification
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