Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Holdings Lowered by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its position in Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Free Report) by 25.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,183 shares of the aerospace company's stock after selling 80,566 shares during the quarter. Sterling Capital Management LLC's holdings in Rolls-Royce Holdings plc were worth $1,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Rolls-Royce Holdings plc by 60.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 2,287 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of 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 purchasing an additional 3,904 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Rolls-Royce Holdings plc during the 4th quarter valued at approximately $144,000. GAMMA Investing LLC grew its position 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 in the last quarter. Finally, HighPoint Advisor Group LLC increased 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 worth $233,000 after buying an additional 4,431 shares during the last quarter. 0.07% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Stock Performance

RYCEY traded up $0.05 during trading hours on Friday, hitting $9.68. 1,196,642 shares of the stock were exchanged, compared to its average volume of 3,939,521. The stock has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $8.02. Rolls-Royce Holdings plc has a 12 month low of $4.83 and a 12 month high of $10.91.

Rolls-Royce Holdings plc Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.0761 per share. The ex-dividend date is Tuesday, April 22nd.

Analysts Set New Price Targets

A number of research firms have commented on RYCEY. Citigroup downgraded shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research note on Monday, January 6th. Kepler Capital Markets upgraded Rolls-Royce Holdings plc from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Vertical Research upgraded Rolls-Royce Holdings plc to a "strong-buy" rating in a research note on Friday, February 28th.

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.