Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Rolls-Royce Holdings PLC experienced a significant surge in trading volume, with 19,076,328 shares traded, marking a 441% increase from the previous session.
• Analysts have mixed views on the stock, with a consensus rating of "Moderate Buy", including one Strong Buy, one Buy, and two Hold ratings.
• The company announced a dividend of $0.0596 per share, with a dividend yield of 97.0%, payable to stockholders of record on August 12th.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 19,076,328 shares changed hands during trading, an increase of 441% from the previous session's volume of 3,528,831 shares.The stock last traded at $15.95 and had previously closed at $15.81.

Analysts Set New Price Targets

Several research firms have recently commented on RYCEY. The Goldman Sachs Group began coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday. They set 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 note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Price Performance

The business's 50-day simple moving average is $14.46 and its two-hundred day simple moving average is $12.24.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Trading of Rolls-Royce Holdings PLC

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bowen Hanes & Co. Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 42.8% during the second quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company's stock worth $54,099,000 after purchasing an additional 1,211,310 shares in the last quarter. 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 worth $3,854,000 after purchasing an additional 40,691 shares in the last quarter. 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 worth $29,344,000 after purchasing an additional 262,292 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Rolls-Royce Holdings PLC by 7.8% during 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 in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock worth $1,103,000 after purchasing an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company's stock.

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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