Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 12-Month High - Should You Buy?

Key Points

• Rolls-Royce Holdings PLC reached a new 52-week high of $14.83, closing at $14.80 with a trading volume of 36,834 shares.
• Kepler Capital Markets downgraded Rolls-Royce shares from a "strong-buy" rating to a "hold" rating on June 26th.
• The company announced a dividend of $0.0596 per share to be paid on September 25th, which represents a significant yield of 97.0%.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as $14.83 and last traded at $14.80, with a volume of 36834 shares changing hands. The stock had previously closed at $14.61.

Analyst Upgrades and Downgrades

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

Rolls-Royce Holdings PLC Stock Performance

The business's 50-day moving average is $13.15 and its two-hundred day moving average is $10.86.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bowen Hanes & Co. Inc. acquired a new position in Rolls-Royce Holdings PLC during the 1st quarter valued at about $27,782,000. L & S Advisors Inc increased its stake in shares of Rolls-Royce Holdings PLC by 16.4% during the second quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company's stock valued at $3,854,000 after acquiring an additional 40,691 shares during the period. GAMMA Investing LLC increased its stake in shares of Rolls-Royce Holdings PLC by 1,025.7% during the first quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock valued at $29,344,000 after acquiring an additional 262,292 shares during the period. Yousif Capital Management LLC lifted its position in Rolls-Royce Holdings PLC by 7.8% in the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. Finally, Torray Investment Partners LLC acquired a new stake in Rolls-Royce Holdings PLC in the second quarter worth approximately $669,000. 0.07% of the stock is owned by institutional investors and hedge funds.

About Rolls-Royce Holdings PLC

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.

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