November 22, 2016 - By Marie Mckinney · 0 Comments
Aerocentury Corp (NYSEMKT:ACY) institutional sentiment increased to 0.5 in Q2 2016. Its up 0.21, from 0.29 in 2016Q1. The ratio is positive, as 2 active investment managers opened new or increased stock positions, while 7 sold and decreased stock positions in Aerocentury Corp. The active investment managers in our partner’s database now have: 204,206 shares, down from 414,910 shares in 2016Q1. Also, the number of active investment managers holding Aerocentury Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 5 Increased: 1 New Position: 1.
AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The company has a market cap of $15.04 million. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. It has a 3.35 P/E ratio. The business of the Company is managed by JetFleet Management Corp. , an integrated aircraft management, marketing and financing business.
The stock decreased 0.59% or $0.05 on November 21, hitting $9.35. AeroCentury Corp. (NYSEMKT:ACY) has declined 13.59% since April 20, 2016 and is downtrending. It has underperformed by 18.14% the S&P500.
According to Zacks Investment Research, “AeroCentury Corp. was formed to acquire JetFleet Aircraft, L.P. and JetFleet Aircraft II, L.P., in a statutory merger. The company is an operating lessor and finance company which specializes in leasing used turboprop aircraft and engines. The company’s aircraft and engines are on lease to regional airlines and commercial users in the U.S., Canada, the U.K., South America and Europe. (PRESS RELEASE)”
Leisure Capital Management holds 0.56% of its portfolio in AeroCentury Corp. for 53,910 shares. Perritt Capital Management Inc owns 34,047 shares or 0.08% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 20 shares. The California-based Blackrock Fund Advisors has invested 0% in the stock. Bridgeway Capital Management Inc, a Texas-based fund reported 21,000 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider buys, and 0 insider sales for $7,260 net activity.
AeroCentury Corp., incorporated on February 28, 1997, 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. JMC is a subsidiary of JetFleet Holding Corp (JHC). The Firm has been engaged in the business of investing in used regional aircraft equipment leased to foreign and domestic regional air carriers.
More notable recent AeroCentury Corp. (NYSEMKT:ACY) news were published by: Globenewswire.com which released: “AeroCentury Corp. Names Michael G. Magnusson as Chief Executive Officer” on August 15, 2016, also Quotes.Wsj.com with their article: “News Aerocentury Corp.ACY” published on February 11, 2011, Globenewswire.com published: “AeroCentury Corp. Completes $37 Million Aircraft Purchase” on September 21, 2016. More interesting news about AeroCentury Corp. (NYSEMKT:ACY) were released by: Seekingalpha.com and their article: “AeroCentury Corporation: Activism Unlikely To Succeed But Still Compelling” published on August 29, 2016 as well as Seekingalpha.com‘s news article titled: “Brookhurst Capital’s Letter To AeroCentury Corp. BoD” with publication date: June 15, 2016.
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By Marie Mckinney