Royal Bank Of Canada Begins Coverage on Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)

Key Points

• Royal Bank of Canada initiated coverage of Rolls-Royce Holdings PLC and set an "outperform" rating, while other firms (including Goldman Sachs) have issued buy/hold views, leaving a MarketBeat consensus of Moderate Buy (1 Strong Buy, 2 Buy, 3 Hold).
• Several hedge funds and advisers increased or opened positions in Q2–Q3, yet institutional ownership remains very low at 0.07%; the ADR was trading around $14.36 (down ~1.5%) with a 12‑month range of $6.70–$16.27.

Equities researchers at Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) in a research note issued on Tuesday. The brokerage set an "outperform" rating on the aerospace company's stock.

Other equities analysts have also recently issued research reports about the company. Berenberg Bank raised Rolls-Royce Holdings PLC to a "hold" rating in a report on Monday, October 20th. The Goldman Sachs Group initiated coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rolls-Royce Holdings PLC presently has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Down 1.5%

OTCMKTS RYCEY opened at $14.36 on Tuesday. The firm has a 50-day simple moving average of $15.41 and a 200 day simple moving average of $13.81. Rolls-Royce Holdings PLC has a twelve month low of $6.70 and a twelve month high of $16.27.

Institutional Trading of Rolls-Royce Holdings PLC

Several hedge funds have recently modified their holdings of RYCEY. Bowen Hanes & Co. Inc. raised its stake in shares of Rolls-Royce Holdings PLC by 6.9% in the third quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company's stock valued at $70,006,000 after acquiring an additional 278,070 shares during the last quarter. L & S Advisors Inc increased its holdings in Rolls-Royce Holdings PLC by 16.4% during the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company's stock valued at $3,854,000 after purchasing an additional 40,691 shares in the last quarter. Financially Speaking Inc acquired a new stake in Rolls-Royce Holdings PLC during the 3rd quarter valued at $1,808,000. Yousif Capital Management LLC raised its position in 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 purchasing an additional 7,705 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at $1,690,000. 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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