50,000 Shares in Rolls-Royce Holdings PLC $RYCEY Acquired by Torray Investment Partners LLC

Key Points

• Torray Investment Partners LLC has acquired 50,000 shares of Rolls-Royce Holdings PLC, valued at approximately $669,000, reflecting growing institutional interest in the company.
• Rolls-Royce recently cut its dividend yield to 97.0%, with the latest dividend of $0.0596 paid to stockholders of record.
• Analyst ratings for Rolls-Royce Holdings PLC show mixed sentiments, with one analyst rating it a Strong Buy, while others have rated it as Buy and Hold.

Torray Investment Partners LLC acquired a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 50,000 shares of the aerospace company's stock, valued at approximately $669,000.

Several other institutional investors have also recently bought and sold shares of the business. Bowen Hanes & Co. Inc. bought a new position in Rolls-Royce Holdings PLC in the 1st quarter valued at $27,782,000. L & S Advisors Inc acquired a new stake in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at $2,427,000. Yousif Capital Management LLC grew its stake in shares of Rolls-Royce Holdings PLC by 7.8% during the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. GAMMA Investing LLC grew its stake in shares of Rolls-Royce Holdings PLC by 17.4% during the second quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company's stock worth $461,000 after purchasing an additional 5,099 shares during the period. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of Rolls-Royce Holdings PLC during the second quarter worth $174,000. Institutional investors own 0.07% of the company's stock.

Rolls-Royce Holdings PLC Price Performance

Shares of OTCMKTS RYCEY opened at $15.55 on Monday. The business's 50 day moving average price is $15.29 and its two-hundred day moving average price is $13.41. Rolls-Royce Holdings PLC has a twelve month low of $6.70 and a twelve month high of $16.27.

Rolls-Royce Holdings PLC Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, September 25th. Stockholders of record on Tuesday, August 12th were given a $0.0596 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a dividend yield of 97.0%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Rolls-Royce Holdings PLC in a research note on Friday, September 19th. They issued a "buy" rating for the company. Berenberg Bank upgraded Rolls-Royce Holdings PLC to a "hold" rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

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.

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