Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sets New 52-Week High – What’s Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) hit a new 52-week high during mid-day trading on Wednesday . The company 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup lowered shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Vertical Research upgraded Rolls-Royce Holdings plc to a “strong-buy” rating in a report on Friday, February 28th.

Rolls-Royce Holdings plc Stock Performance

The company’s 50-day moving average price is $7.61 and its two-hundred day moving average price is $7.21.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

A number of hedge funds have recently added to or reduced their stakes in the business. Financial Avengers Inc. boosted its holdings in shares of Rolls-Royce Holdings plc by 32.6% during the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock worth $203,000 after buying an additional 7,000 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock worth $233,000 after acquiring an additional 4,431 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Rolls-Royce Holdings plc by 60.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after purchasing an additional 2,287 shares during the period. Henry James International Management Inc. increased its stake in Rolls-Royce Holdings plc by 1.6% in the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock valued at $6,962,000 after purchasing an additional 15,436 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc during the fourth quarter valued at about $144,000. 0.07% of the stock is currently owned by institutional investors.

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.