Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sets New 12-Month High – Should You Buy?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $8.29 and last traded at $8.22, with a volume of 8380907 shares traded. The stock had previously closed at $7.86.

Analyst Upgrades and Downgrades

Separately, Citigroup cut 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 simple moving average of $7.31 and a 200 day simple moving average of $7.01.

Institutional Trading of Rolls-Royce Holdings plc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 60.7% in the 4th 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. First Horizon Advisors Inc. lifted its holdings 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 buying an additional 3,904 shares during the period. SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc in the 4th quarter valued at about $144,000. Financial Avengers Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 13.2% in the 3rd 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. Finally, GAMMA Investing LLC lifted its holdings in shares of Rolls-Royce Holdings plc by 35.7% in the 4th quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after buying an additional 6,727 shares during the period. Institutional investors and hedge funds own 0.07% of the company’s stock.

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.