Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 52-Week High - Still a Buy?

Key Points

• Rolls-Royce Holdings PLC shares reached a new **52-week high** of **$15.83**, with substantial trading volume of over **3 million shares**.
• Despite the new high, analysts have mixed opinions with one rating a **strong buy**, one a buy, and two giving a hold rating, leading to a consensus rating of **"Moderate Buy."**
• The company recently announced a **dividend cut**, with shareholders receiving **$0.0596 per share** on September 25th, indicating a **97.0% yield** from the recent stock price.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.83 and last traded at $15.81, with a volume of 3047024 shares trading hands. The stock had previously closed at $15.71.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of Rolls-Royce Holdings PLC in a report on Friday. They issued a "buy" rating for the company. 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Up 0.8%

The firm's fifty day moving average is $14.46 and its 200-day moving average is $12.24.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors and hedge funds have recently added to or reduced their stakes in RYCEY. Bowen Hanes & Co. Inc. acquired a new position in shares of Rolls-Royce Holdings PLC in the first quarter valued at about $27,782,000. GAMMA Investing LLC grew its position in shares of 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 buying an additional 262,292 shares during the period. L & S Advisors Inc acquired a new stake in Rolls-Royce Holdings PLC in the 1st quarter valued at $2,427,000. First Horizon Advisors Inc. boosted its holdings in 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 worth $84,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Rhumbline Advisers boosted 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 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.