Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Hits New 1-Year High – What’s Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $7.70 and last traded at $7.68, with a volume of 1777388 shares trading hands. The stock had previously closed at $7.66.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th.

Rolls-Royce Holdings plc Price Performance

The firm’s fifty day moving average price is $7.29 and its 200 day moving average price is $6.96.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position 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 valued at $43,000 after acquiring an additional 2,287 shares in the last quarter. First Horizon Advisors Inc. boosted its position in 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 purchasing an additional 3,904 shares in the last quarter. SVB Wealth LLC bought a new stake in Rolls-Royce Holdings plc during the fourth quarter valued at about $144,000. Financial Avengers Inc. grew its stake in Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 2,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 6,727 shares in the last quarter. Institutional investors own 0.07% of the company’s stock.

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.