AeroCentury Corp. (ACY) Trimmed to Hold at ValuEngine

AeroCentury Corp. (ACY) Trimmed to Hold at ValuEngine

AeroCentury Corp. (NYSEMKT:ACY) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

ACY has been the subject of a number of other research reports. Zacks Investment Research cut AeroCentury Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 28th. TheStreet cut AeroCentury Corp. from a “c” rating to a “d” rating in a research report on Wednesday, May 17th.

AeroCentury Corp. (NYSEMKT ACY) traded down 0.48% during midday trading on Friday, hitting $10.30. 1,051 shares of the company’s stock traded hands. The company has a 50 day moving average of $10.08 and a 200-day moving average of $9.89. AeroCentury Corp. has a 52 week low of $8.50 and a 52 week high of $11.10. The company has a market capitalization of $14.58 million, a PE ratio of 11.34 and a beta of 0.15.

AeroCentury Corp. (NYSEMKT:ACY) last announced its quarterly earnings results on Thursday, May 11th. The financial services provider reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The firm had revenue of $7.95 million during the quarter, compared to the consensus estimate of $7.92 million. Equities research analysts predict that AeroCentury Corp. will post $1.61 earnings per share for the current year.

An institutional investor recently bought a new position in AeroCentury Corp. stock. GRT Capital Partners L.L.C. bought a new position in AeroCentury Corp. (NYSEMKT:ACY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,849 shares of the financial services provider’s stock, valued at approximately $140,000. GRT Capital Partners L.L.C. owned approximately 0.95% of AeroCentury Corp. as of its most recent SEC filing.

AeroCentury Corp. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

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