Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Reaches New 1-Year High After Dividend Announcement

Key Points

• Rolls-Royce Holdings PLC shares reached a new 52-week high of $14.60 after announcing a dividend of $0.0596 per share to be paid on September 25th.
• Kepler Capital Markets downgraded Rolls-Royce from a "strong-buy" rating to a "hold" rating, indicating a shift in analyst sentiment.
• Institutional investors like GAMMA Investing LLC significantly increased their holdings in Rolls-Royce, with a 1,025.7% increase in the first quarter alone.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as $14.60 and last traded at $14.54, with a volume of 298726 shares traded. The stock had previously closed at $14.46.

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

Analyst Ratings Changes

Separately, Kepler Capital Markets lowered shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th.

Rolls-Royce Holdings PLC Stock Performance

The firm's 50-day simple moving average is $13.04 and its 200 day simple moving average is $10.71.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its position in Rolls-Royce Holdings PLC by 31.8% during the first quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock valued at $84,000 after purchasing an additional 2,055 shares in the last quarter. GAMMA Investing LLC raised its holdings in Rolls-Royce Holdings PLC by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after buying an additional 3,771 shares during the last quarter. Financial Avengers Inc. lifted its holdings in shares of 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 worth $203,000 after purchasing an additional 7,000 shares during the period. Yousif Capital Management LLC grew its position in shares of Rolls-Royce Holdings PLC by 7.8% in the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock valued at $1,419,000 after buying an additional 7,705 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. acquired a new stake in Rolls-Royce Holdings PLC during the 2nd quarter valued at approximately $174,000. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.