Bowen Hanes & Co. Inc. Purchases Shares of 2,832,000 Rolls-Royce Holdings PLC $RYCEY

Key Points

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Bowen Hanes & Co. Inc. bought a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,832,000 shares of the aerospace company's stock, valued at approximately $27,782,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RYCEY. Financial Avengers Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock worth $203,000 after acquiring an additional 7,000 shares during the period. GAMMA Investing LLC increased its stake in shares of Rolls-Royce Holdings PLC by 1,025.7% during the first quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock worth $29,344,000 after acquiring an additional 262,292 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 31.8% during the first quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock worth $84,000 after acquiring an additional 2,055 shares during the period. Finally, L & S Advisors Inc acquired a new position in shares of Rolls-Royce Holdings PLC during the first quarter worth about $2,427,000. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Kepler Capital Markets lowered shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Up 1.4%

RYCEY traded up $0.20 on Friday, hitting $14.24. 1,303,126 shares of the company were exchanged, compared to its average volume of 2,219,682. The business's fifty day moving average is $13.59 and its 200 day moving average is $11.31. Rolls-Royce Holdings PLC has a fifty-two week low of $6.04 and a fifty-two week high of $15.16.

Rolls-Royce Holdings PLC Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.0596 per share. This represents a yield of 97.0%. The ex-dividend date is Monday, August 11th.

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.