Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.65 and last traded at $10.52, with a volume of 6080277 shares. The stock had previously closed at $10.18.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Vertical Research upgraded shares of Rolls-Royce Holdings plc to a "strong-buy" rating in a research report on Friday, February 28th. Citigroup downgraded shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research report on Monday, January 6th.
Read Our Latest Analysis on RYCEY
Rolls-Royce Holdings plc Stock Performance
The company has a 50-day moving average of $7.81 and a 200 day moving average of $7.29.
Institutional Trading of Rolls-Royce Holdings plc
Several large investors have recently bought and sold shares of RYCEY. PNC Financial Services Group Inc. boosted its stake 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 worth $43,000 after buying an additional 2,287 shares during the last quarter. 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 during the last quarter. SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc during the 4th quarter valued at about $144,000. Financial Avengers Inc. grew its holdings in shares of 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 valued at $152,000 after purchasing an additional 2,500 shares during the period. Finally, GAMMA Investing LLC increased its position in 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 purchasing an additional 6,727 shares during the last quarter. Hedge funds and other institutional investors own 0.07% of the company's stock.
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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