Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.18 and traded as high as $12.26. Rolls-Royce Holdings PLC shares last traded at $12.11, with a volume of 1,676,126 shares.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Vertical Research upgraded Rolls-Royce Holdings PLC to a "strong-buy" rating in a research report on Friday, February 28th. Kepler Capital Markets upgraded Rolls-Royce Holdings PLC from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th.
Check Out Our Latest Stock Analysis on Rolls-Royce Holdings PLC
Rolls-Royce Holdings PLC Trading Up 0.1%
The business has a 50-day simple moving average of $11.00 and a 200-day simple moving average of $9.27.
Hedge Funds Weigh In On Rolls-Royce Holdings PLC
A number of hedge funds have recently made changes to their positions in RYCEY. First Horizon Advisors Inc. raised its holdings in shares of Rolls-Royce Holdings PLC by 152.1% during the fourth quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 3,904 shares during the last quarter. Boothe Investment Group Inc. acquired a new position in shares of Rolls-Royce Holdings PLC during the fourth quarter valued at approximately $8,489,000. SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings PLC during the fourth quarter valued at approximately $144,000. Henry James International Management Inc. raised its holdings in shares of Rolls-Royce Holdings PLC by 1.6% during the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company's stock valued at $6,962,000 after acquiring an additional 15,436 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Rolls-Royce Holdings PLC by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after acquiring an additional 2,287 shares during the last quarter. Institutional investors and hedge funds own 0.07% of the company's stock.
Rolls-Royce Holdings PLC Company Profile
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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.
Further Reading
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