Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sets New 12-Month High - Here's What Happened

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $7.70 and last traded at $7.68, with a volume of 1777388 shares traded. The stock had previously closed at $7.66.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Stock Up 0.7 %

The stock's 50-day moving average price is $7.31 and its 200 day moving average price is $6.99.

Institutional Trading of Rolls-Royce Holdings plc

A number of institutional investors have recently made changes to their positions in RYCEY. Financial Avengers Inc. lifted its position in shares of Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock worth $152,000 after purchasing an additional 2,500 shares in the last quarter. GAMMA Investing LLC raised its position in Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company's stock worth $182,000 after acquiring an additional 6,727 shares in the last quarter. First Horizon Advisors Inc. raised its position in 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 acquiring an additional 3,904 shares in the last quarter. Boothe Investment Group Inc. bought a new stake in Rolls-Royce Holdings plc during the fourth quarter worth $8,489,000. Finally, SVB Wealth LLC bought a new stake in Rolls-Royce Holdings plc during the fourth quarter worth $144,000. 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.