Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Sets New 12-Month High – Should You Buy?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $8.29 and last traded at $8.22, with a volume of 8380907 shares trading hands. The stock had previously closed at $7.86.

Wall Street Analysts Forecast Growth

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

Rolls-Royce Holdings plc Stock Up 4.6 %

The company has a 50 day moving average of $7.31 and a two-hundred day moving average of $7.01.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Several institutional investors and hedge funds have recently modified their holdings of RYCEY. Financial Avengers Inc. increased its stake in Rolls-Royce Holdings plc by 13.2% during the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after buying an additional 2,500 shares in the last quarter. GAMMA Investing LLC increased its stake in Rolls-Royce Holdings plc by 35.7% during the 4th quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after buying an additional 6,727 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Rolls-Royce Holdings plc by 152.1% during the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock worth $46,000 after buying an additional 3,904 shares in the last quarter. Boothe Investment Group Inc. purchased a new stake in Rolls-Royce Holdings plc during the 4th quarter worth approximately $8,489,000. Finally, SVB Wealth LLC purchased a new stake in Rolls-Royce Holdings plc during the 4th quarter worth approximately $144,000. Hedge funds and other 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.