Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Up - Still a Buy?

Key Points

• Rolls-Royce shares rose 5%, opening at $16.09 versus a prior close of $15.54 and last trading at $16.14 on volume of 229,470 shares.
• The stock remains below its 50-day and 200-day moving averages of $19.37 and $18.44, respectively, while its balance sheet shows a 1.34 debt-to-equity ratio and a 1.24 current ratio.
• Several institutional investors increased their holdings, but hedge funds and other institutions collectively own only 0.07% of the company. Rolls-Royce operates in civil aerospace, defense, and power and propulsion systems, with recurring aftermarket service revenue.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at $15.54, but opened at $16.09. Rolls-Royce Holdings PLC shares last traded at $16.14, with a volume of 229,470 shares traded.

Rolls-Royce Holdings PLC Trading Up 5.0%

The business's fifty day moving average price is $19.37 and its two-hundred day moving average price is $18.44. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.24 and a quick ratio of 0.93.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Henry James International Management Inc. lifted its position in Rolls-Royce Holdings PLC by 17.2% during the third quarter. Henry James International Management Inc. now owns 662,815 shares of the aerospace company's stock valued at $12,870,000 after purchasing an additional 97,466 shares during the period. GAMMA Investing LLC raised its stake in shares of Rolls-Royce Holdings PLC by 15.4% during the 3rd quarter. GAMMA Investing LLC now owns 53,877 shares of the aerospace company's stock valued at $1,044,000 after buying an additional 7,189 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Rolls-Royce Holdings PLC by 28.3% during the 2nd quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company's stock valued at $300,000 after buying an additional 3,454 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Rolls-Royce Holdings PLC by 65.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company's stock valued at $181,000 after buying an additional 4,641 shares during the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at about $350,000. Hedge funds and other institutional investors own 0.07% of the company's stock.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company focused on power and propulsion systems. Through its Civil Aerospace business, the company develops, manufactures, and services aircraft engines for widebody commercial aircraft, business aviation, and other applications. Its business model includes long-term aftermarket maintenance, repair, and overhaul services that support customers throughout an engine's operating life.

The company's Defence business supplies propulsion systems and related services for military aircraft, naval vessels, submarines, and other defense platforms.

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