Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.47 and last traded at $9.17, with a volume of 6691577 shares traded. The stock had previously closed at $8.02.
Analyst Ratings Changes
Separately, Citigroup cut shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research note on Monday, January 6th.
Read Our Latest Research Report on RYCEY
Rolls-Royce Holdings plc Price Performance
The stock's 50 day moving average price is $7.55 and its 200-day moving average price is $7.18.
Institutional Trading of Rolls-Royce Holdings plc
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in Rolls-Royce Holdings plc by 60.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after acquiring an additional 2,287 shares during the last quarter. Financial Avengers Inc. increased its holdings in Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock valued at $152,000 after acquiring an additional 2,500 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Rolls-Royce Holdings plc by 152.1% in the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 3,904 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Rolls-Royce Holdings plc by 17.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock valued at $233,000 after acquiring an additional 4,431 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Rolls-Royce Holdings plc by 35.7% in the 4th quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company's stock valued at $182,000 after acquiring an additional 6,727 shares during the last quarter. 0.07% of the stock is owned by hedge funds and other institutional investors.
About Rolls-Royce Holdings plc
(
Get Free Report)
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.
Further Reading
Before you consider Rolls-Royce Holdings plc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rolls-Royce Holdings plc wasn't on the list.
While Rolls-Royce Holdings plc currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
