Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Reaches New 1-Year High - Still a Buy?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.00 and last traded at $11.00, with a volume of 1881203 shares. The stock had previously closed at $10.97.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RYCEY. Vertical Research upgraded Rolls-Royce Holdings plc to a "strong-buy" rating in a report on Friday, February 28th. Kepler Capital Markets raised shares of Rolls-Royce Holdings plc from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th.

Rolls-Royce Holdings plc Stock Performance

The firm has a 50 day moving average price of $10.09 and a 200-day moving average price of $8.58.

Rolls-Royce Holdings plc Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.0761 per share. The ex-dividend date is Tuesday, April 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RYCEY. PNC Financial Services Group Inc. lifted its stake in Rolls-Royce Holdings plc by 60.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 2,287 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 152.1% during the fourth quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company's stock worth $46,000 after purchasing an additional 3,904 shares during the period. SVB Wealth LLC bought a new stake in shares of Rolls-Royce Holdings plc in the fourth quarter worth $144,000. Financial Avengers Inc. increased 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 valued at $203,000 after purchasing an additional 7,000 shares during the period. Finally, HighPoint Advisor Group LLC raised its position in Rolls-Royce Holdings plc by 17.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock worth $233,000 after purchasing an additional 4,431 shares during the last quarter. Institutional investors own 0.07% of the company's stock.

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.