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Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Reaches New 52-Week High - Here's Why

Rolls-Royce Holdings plc logo with Aerospace background

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.47 and last traded at $11.95, with a volume of 7243895 shares changing hands. The stock had previously closed at $12.22.

Analyst Ratings Changes

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

Read Our Latest Stock Report on Rolls-Royce Holdings plc

Rolls-Royce Holdings plc Stock Performance

The business has a fifty day moving average of $10.63 and a 200-day moving average of $9.04.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

A number of institutional investors have recently added to or reduced their stakes in RYCEY. First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 3,904 shares during the last quarter. Boothe Investment Group Inc. purchased a new stake in shares of Rolls-Royce Holdings plc during the fourth quarter valued at approximately $8,489,000. SVB Wealth LLC bought a new position in shares of Rolls-Royce Holdings plc in the fourth quarter worth approximately $144,000. Henry James International Management Inc. increased its stake in shares of Rolls-Royce Holdings plc by 1.6% in the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company's stock worth $6,962,000 after buying an additional 15,436 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Rolls-Royce Holdings plc by 60.7% during 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. 0.07% of the stock is currently owned by institutional investors.

Rolls-Royce Holdings plc Company Profile

(Get Free Report)

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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