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

Key Points

• Rolls-Royce Holdings PLC hit a new 52-week high of $15.28, closing at the same price with a trading volume of 190,726 shares.
• Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating, resulting in an average rating of "Moderate Buy" from analysts.
• The company declared a dividend of $0.0596 per share, set to be paid on September 25th, with a significant yield of 97.0%.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $15.28 and last traded at $15.28, with a volume of 190726 shares. The stock had previously closed at $15.01.

Analyst Ratings Changes

Separately, Kepler Capital Markets downgraded shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Up 2.2%

The firm's 50 day moving average is $14.11 and its two-hundred day moving average is $11.87.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bowen Hanes & Co. Inc. grew its holdings in Rolls-Royce Holdings PLC by 42.8% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company's stock worth $54,099,000 after acquiring an additional 1,211,310 shares in the last quarter. L & S Advisors Inc grew its holdings in Rolls-Royce Holdings PLC by 16.4% during the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company's stock worth $3,854,000 after acquiring an additional 40,691 shares in the last quarter. GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 1,025.7% during the 1st quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock worth $29,344,000 after acquiring an additional 262,292 shares in the last quarter. Yousif Capital Management LLC grew its holdings in Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock worth $1,419,000 after acquiring an additional 7,705 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Rolls-Royce Holdings PLC by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock worth $1,103,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors and hedge funds 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.

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