Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $13.42 and last traded at $13.38, with a volume of 230092 shares changing hands. The stock had previously closed at $13.26.
Wall Street Analysts Forecast Growth
Separately, Kepler Capital Markets downgraded Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.
Get Our Latest Analysis on Rolls-Royce Holdings PLC
Rolls-Royce Holdings PLC Stock Up 1.4%
The firm's fifty day simple moving average is $11.52 and its 200-day simple moving average is $9.55.
Hedge Funds Weigh In On Rolls-Royce Holdings PLC
A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew 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 valued at $43,000 after buying an additional 2,287 shares during the period. First Horizon Advisors Inc. grew its position in shares of Rolls-Royce Holdings PLC by 31.8% during the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 2,055 shares during the period. SVB Wealth LLC bought a new position in Rolls-Royce Holdings PLC in the 4th quarter worth $144,000. Financial Avengers Inc. lifted its position in Rolls-Royce Holdings PLC by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 14.7% during the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after purchasing an additional 3,771 shares during the period. 0.07% of the stock is currently owned by hedge funds and other institutional investors.
About Rolls-Royce Holdings PLC
(
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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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