Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Hits New 1-Year High - Still a Buy?

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $10.65 and last traded at $10.52, with a volume of 6080277 shares changing hands. The stock had previously closed at $10.18.

Analyst Ratings Changes

Several equities research analysts have commented on RYCEY shares. Vertical Research upgraded Rolls-Royce Holdings plc to a "strong-buy" rating in a research report on Friday, February 28th. Citigroup lowered shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Stock Performance

The stock has a 50-day moving average of $7.81 and a 200 day moving average of $7.30.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

Several hedge funds and other institutional investors have recently bought and sold shares of RYCEY. Boothe Investment Group Inc. purchased a new stake in Rolls-Royce Holdings plc in the fourth quarter valued at $8,489,000. Henry James International Management Inc. boosted its position in Rolls-Royce Holdings plc by 1.6% in the 4th quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company's stock valued at $6,962,000 after buying an additional 15,436 shares during the period. HighPoint Advisor Group LLC raised its stake in shares of Rolls-Royce Holdings plc by 17.0% in the fourth 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 in the last quarter. Financial Avengers Inc. raised its position in Rolls-Royce Holdings plc by 32.6% in the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company's stock worth $182,000 after buying an additional 6,727 shares during the period. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Company Profile

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.