Citigroup downgraded shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Free Report) from a buy rating to a neutral rating in a research note released on Monday, MarketBeat Ratings reports.
Rolls-Royce Holdings plc Stock Down 3.2 %
Shares of RYCEY traded down $0.24 during mid-day trading on Monday, hitting $7.04. 3,194,466 shares of the company were exchanged, compared to its average volume of 3,119,222. Rolls-Royce Holdings plc has a 1-year low of $3.69 and a 1-year high of $7.68. The company has a 50 day moving average of $7.22 and a 200-day moving average of $6.67.
Institutional Trading of Rolls-Royce Holdings plc
Several large investors have recently added to or reduced their stakes in RYCEY. GAMMA Investing LLC increased its holdings in shares of Rolls-Royce Holdings plc by 82.0% during the 3rd quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company's stock worth $133,000 after buying an additional 8,491 shares during the last quarter. Financial Avengers Inc. grew its position in Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock worth $152,000 after acquiring an additional 2,500 shares during the period. Finally, Rhumbline Advisers increased its stake in Rolls-Royce Holdings plc by 19.0% during the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company's stock worth $479,000 after acquiring an additional 13,353 shares during the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.
Rolls-Royce Holdings plc Company Profile
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Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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