ValuEngine downgraded shares of AeroCentury Corp. (NYSEMKT:ACY) from a strong-buy rating to a buy rating in a report released on Monday.

A number of other research firms have also weighed in on ACY. Zacks Investment Research lowered AeroCentury Corp. from a strong-buy rating to a hold rating in a research note on Tuesday, July 18th. TheStreet lowered AeroCentury Corp. from a c rating to a d rating in a research note on Wednesday, May 17th.

AeroCentury Corp. (NYSEMKT ACY) opened at 11.60 on Monday. The stock’s 50 day moving average price is $11.86 and its 200-day moving average price is $11.15. AeroCentury Corp. has a 12 month low of $8.50 and a 12 month high of $16.10. The company has a market capitalization of $16.43 million, a P/E ratio of 11.96 and a beta of 0.15.

AeroCentury Corp. (NYSEMKT:ACY) last released its earnings results on Thursday, August 10th. The financial services provider reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. AeroCentury Corp. had a return on equity of 3.50% and a net margin of 4.32%. The company had revenue of $7.11 million during the quarter, compared to analyst estimates of $7.84 million. On average, equities research analysts predict that AeroCentury Corp. will post $1.77 EPS for the current fiscal year.

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An institutional investor recently raised its position in AeroCentury Corp. stock. Renaissance Technologies LLC lifted its position in AeroCentury Corp. (NYSEMKT:ACY) by 7.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,000 shares of the financial services provider’s stock after acquiring an additional 1,300 shares during the period. Renaissance Technologies LLC’s holdings in AeroCentury Corp. were worth $176,000 as of its most recent SEC filing.

About AeroCentury Corp.

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.

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

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