Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Reaches New 12-Month High - Still a Buy?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $12.00 and last traded at $11.97, with a volume of 4215623 shares changing hands. The stock had previously closed at $11.61.

Wall Street Analysts Forecast Growth

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

Rolls-Royce Holdings plc Stock Down 1.7%

The stock's fifty day moving average price is $10.31 and its 200-day moving average price is $8.82.

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 stock. PNC Financial Services Group Inc. lifted its position in Rolls-Royce Holdings plc by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock worth $43,000 after purchasing an additional 2,287 shares during the period. First Horizon Advisors Inc. raised its holdings in Rolls-Royce Holdings plc by 152.1% in the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company's stock valued at $46,000 after buying an additional 3,904 shares during the last quarter. SVB Wealth LLC bought a new position in Rolls-Royce Holdings plc during the 4th quarter worth approximately $144,000. Financial Avengers Inc. raised its holdings in Rolls-Royce Holdings plc by 32.6% during the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock worth $203,000 after purchasing an additional 7,000 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its holdings 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. 0.07% of the stock is owned by institutional investors.

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.