Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 1-Year High - Here's What Happened

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $13.70 and last traded at $13.68, with a volume of 1270199 shares trading hands. The stock had previously closed at $13.50.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut 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 Down 0.6%

The firm's 50 day moving average is $12.28 and its two-hundred day moving average is $10.10.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RYCEY. First Horizon Advisors Inc. grew 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 in the last quarter. PNC Financial Services Group Inc. boosted its stake in Rolls-Royce Holdings PLC by 60.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock worth $43,000 after purchasing an additional 2,287 shares during the last quarter. GAMMA Investing LLC lifted its position 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 valued at $288,000 after buying an additional 3,771 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Rolls-Royce Holdings PLC by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock worth $233,000 after buying an additional 4,431 shares during the period. Finally, Financial Avengers Inc. boosted its holdings in shares of 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 valued at $203,000 after acquiring an additional 7,000 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.