Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $7.70 and last traded at $7.68, with a volume of 1777388 shares trading hands. The stock had previously closed at $7.66.
Analyst Upgrades and Downgrades
Separately, Citigroup downgraded shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research note on Monday, January 6th.
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Rolls-Royce Holdings plc Trading Up 4.6 %
The firm's fifty day moving average price is $7.31 and its 200-day moving average price is $7.01.
Institutional Investors Weigh In On Rolls-Royce Holdings plc
A number of institutional investors have recently added to or reduced their stakes in the company. Financial Avengers Inc. boosted its stake 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 worth $152,000 after buying an additional 2,500 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Rolls-Royce Holdings plc by 35.7% during the 4th 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. First Horizon Advisors Inc. boosted its position in shares of Rolls-Royce Holdings plc by 152.1% during 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 in the last quarter. Boothe Investment Group Inc. bought a new stake in Rolls-Royce Holdings plc in the fourth quarter valued at about $8,489,000. Finally, SVB Wealth LLC bought a new stake in Rolls-Royce Holdings plc in the fourth quarter valued at about $144,000. 0.07% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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