Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $8.29 and last traded at $8.22, with a volume of 8380907 shares. The stock had previously closed at $7.86.
Wall Street Analyst Weigh In
Separately, Citigroup lowered Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research note on Monday, January 6th.
Read Our Latest Report on Rolls-Royce Holdings plc
Rolls-Royce Holdings plc Stock Down 2.6 %
The business has a 50 day moving average of $7.37 and a 200 day moving average of $7.06.
Institutional Trading of Rolls-Royce Holdings plc
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company's stock worth $182,000 after acquiring an additional 6,727 shares during the period. Financial Avengers Inc. lifted its position in Rolls-Royce Holdings plc by 13.2% during the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock valued at $152,000 after buying an additional 2,500 shares during the period. HighPoint Advisor Group LLC lifted its position in Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock valued at $233,000 after buying an additional 4,431 shares during the period. PNC Financial Services Group Inc. lifted its position in Rolls-Royce Holdings plc by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after buying an additional 2,287 shares during the period. Finally, SVB Wealth LLC purchased a new position in Rolls-Royce Holdings plc during the fourth quarter valued at $144,000. Hedge funds and other institutional investors own 0.07% of the company's stock.
About Rolls-Royce Holdings plc
(
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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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