Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Upgraded by Berenberg Bank to "Hold" Rating

Key Points

• Rolls-Royce Holdings PLC has been upgraded to a "hold" rating by Berenberg Bank, while Goldman Sachs has set a "buy" rating for the stock based on recent research.
• The stock is currently trading at $15.18, with a 1-year low of $6.70 and a high of $16.27, reflecting some volatility within the year.
• Institutional investors have shown increasing interest, with notable hedge funds significantly increasing their stakes in Rolls-Royce Holdings PLC during recent months.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) was upgraded by investment analysts at Berenberg Bank to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, September 19th. They set a "buy" rating on the stock. Kepler Capital Markets downgraded Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Down 1.4%

OTCMKTS:RYCEY opened at $15.18 on Monday. Rolls-Royce Holdings PLC has a 1 year low of $6.70 and a 1 year high of $16.27. The stock has a fifty day moving average price of $15.17 and a two-hundred day moving average price of $13.01.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of hedge funds have recently bought and sold shares of RYCEY. Salomon & Ludwin LLC increased its holdings in Rolls-Royce Holdings PLC by 2,646.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company's stock worth $48,000 after purchasing an additional 2,938 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 31.8% in the first 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 last quarter. Sterling Investment Advisors Ltd. acquired a new stake in Rolls-Royce Holdings PLC in the second quarter valued at $174,000. GAMMA Investing LLC boosted its stake in Rolls-Royce Holdings PLC by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after acquiring an additional 3,771 shares during the last quarter. Finally, Torray Investment Partners LLC bought a new position in Rolls-Royce Holdings PLC during the 2nd quarter valued at $669,000. Institutional investors and hedge funds own 0.07% of the company's stock.

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.

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