Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Reaches New 12-Month High - Here's Why

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $14.49 and last traded at $14.20, with a volume of 1463978 shares changing hands. The stock had previously closed at $13.20.

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 research report on Thursday, June 26th.

Rolls-Royce Holdings PLC Trading Up 1.3%

The firm's 50-day moving average price is $12.81 and its 200-day moving average price is $10.51.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of large investors have recently made changes to their positions in RYCEY. First Horizon Advisors Inc. increased its stake in Rolls-Royce Holdings PLC by 31.8% in the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock worth $84,000 after buying an additional 2,055 shares during the period. Sterling Investment Advisors Ltd. acquired a new stake in Rolls-Royce Holdings PLC in the second quarter worth about $174,000. Financial Avengers Inc. boosted its holdings in Rolls-Royce Holdings PLC by 32.6% in the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock worth $203,000 after acquiring an additional 7,000 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Rolls-Royce Holdings PLC by 14.7% in the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock worth $288,000 after acquiring an additional 3,771 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its holdings in shares of Rolls-Royce Holdings PLC by 17.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock valued at $233,000 after purchasing an additional 4,431 shares during the period. 0.07% of the stock is owned by hedge funds and other 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.