AeroCentury Corp. (ACY)’s Trend Up, Especially After Today’s 52-Week High Milestone

June 19, 2017 - By Richard Conner

Investors sentiment increased to 2 in 2016 Q4. Its up 1.50, from 0.5 in 2016Q3. It increased, as 1 investors sold AeroCentury Corp. shares while 1 reduced holdings. 1 funds opened positions while 3 raised stakes. 217,623 shares or 7.13% more from 203,135 shares in 2016Q3 were reported.
Pennsylvania-based Federated Investors Pa has invested 0% in AeroCentury Corp. (NYSEMKT:ACY). Manufacturers Life Ins Company The holds 0% or 57 shares. Bridgeway Capital Management invested in 0% or 21,000 shares. Perritt Cap holds 0.08% or 34,047 shares. Grt Prtnrs Lc stated it has 14,849 shares. Leisure Cap stated it has 0.46% of its portfolio in AeroCentury Corp. (NYSEMKT:ACY). Dimensional Fund Advsrs Limited Partnership holds 0% or 75,714 shares. Tower Research Capital Ltd Liability Company (Trc) holds 0% of its portfolio in AeroCentury Corp. (NYSEMKT:ACY) for 221 shares. Renaissance Techs Ltd Com holds 0% or 16,700 shares. Blackrock Fund has 249 shares.

The stock of AeroCentury Corp. (NYSEMKT:ACY) hit a new 52-week high and has $13.52 target or 9.00 % above today’s $12.40 share price. The 9 months bullish chart indicates low risk for the $17.78 million company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $13.52 price target is reached, the company will be worth $1.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

It is 0.00% or $0 reaching $12.4 per share. It is down 23.55% since June 19, 2016 and is downtrending. It has underperformed by 40.25% the S&P500.

More notable recent AeroCentury Corp. (NYSEMKT:ACY) news were published by: Globenewswire.com which released: “Karen Rogge Joins AeroCentury Corp. Board of Directors” on June 05, 2017, also Prnewswire.com with their article: “AeroCentury Corp. Renews Management Agreement with JetFleet Management Corp.” published on August 17, 2015, Seekingalpha.com published: “AeroCentury Corporation: Activism Unlikely To Succeed But Still Compelling” on August 29, 2016. More interesting news about AeroCentury Corp. (NYSEMKT:ACY) were released by: Globenewswire.com and their article: “AeroCentury Corp. Completes $37 Million Aircraft Purchase” published on September 21, 2016 as well as Globenewswire.com‘s news article titled: “AeroCentury Corp. Earnings Grew 48% to $642000, or $0.41 per Share and …” with publication date: May 11, 2017.

AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The company has market cap of $17.78 million. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. It has a 13.52 P/E ratio. The business of the Company is managed by JetFleet Management Corp. , an integrated aircraft management, marketing and financing business.

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