L & S Advisors Inc Makes New Investment in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)

Key Points

• L & S Advisors Inc purchased 247,367 shares of Rolls-Royce Holdings PLC, valued at approximately $2.4 million, during the 1st quarter as disclosed in their 13F filing.
• Other hedge funds, such as First Horizon Advisors and Financial Avengers Inc., have also increased their stakes in Rolls-Royce Holdings PLC, indicating growing institutional interest in the company.
• Shares of Rolls-Royce Holdings PLC are currently trading at $14.29, up 1.3%, with a recent downgrade from "strong-buy" to "hold" by Kepler Capital Markets.

L & S Advisors Inc acquired a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 247,367 shares of the aerospace company's stock, valued at approximately $2,427,000.

Several other institutional investors also recently modified their holdings of RYCEY. First Horizon Advisors Inc. raised its stake in shares of Rolls-Royce Holdings PLC by 31.8% during the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock valued at $84,000 after purchasing an additional 2,055 shares during the period. Financial Avengers Inc. lifted its holdings in Rolls-Royce Holdings PLC by 32.6% in the fourth 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 during the period. Finally, GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 14.7% in the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock worth $288,000 after purchasing an additional 3,771 shares during the period. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets lowered Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

Rolls-Royce Holdings PLC Stock Down 0.4%

Shares of RYCEY traded down $0.06 during mid-day trading on Thursday, hitting $14.64. 690,054 shares of the company's stock were exchanged, compared to its average volume of 3,701,249. The stock's 50-day moving average is $12.98 and its 200-day moving average is $10.66. Rolls-Royce Holdings PLC has a fifty-two week low of $5.97 and a fifty-two week high of $14.73.

Rolls-Royce Holdings PLC Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, September 25th. Investors of record on Tuesday, August 12th will be paid a $0.0596 dividend. This represents a yield of 97.0%. The ex-dividend date of this dividend is Monday, August 11th.

Rolls-Royce Holdings PLC 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.