Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Rolls-Royce Holdings PLC shares have recently crossed above their 200-day moving average, trading as high as $13.40, with a last traded price of $13.20.
• Kepler Capital Markets downgraded the company's shares from a "strong-buy" rating to a "hold" rating on June 26th.
• Notable institutional investors have significantly increased their stakes in Rolls-Royce Holdings PLC, with GAMMA Investing LLC growing its holdings by 1,025.7% in the first quarter.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.40 and traded as high as $13.40. Rolls-Royce Holdings PLC shares last traded at $13.20, with a volume of 4,181,091 shares traded.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets cut 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 Up 1.3%

The firm's 50 day simple moving average is $12.81 and its two-hundred day simple moving average is $10.53.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Rolls-Royce Holdings PLC by 1,025.7% in the 1st quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock worth $29,344,000 after buying an additional 262,292 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of 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 valued at $84,000 after purchasing an additional 2,055 shares in the last quarter. Financial Avengers Inc. boosted its stake in shares of Rolls-Royce Holdings PLC by 32.6% during the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. L & S Advisors Inc bought a new stake in Rolls-Royce Holdings PLC during the first quarter worth about $2,427,000. Finally, Yousif Capital Management LLC boosted its stake in 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 acquiring an additional 7,705 shares in the last quarter. 0.07% of the stock is owned by 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.