Citigroup Downgrades Rolls-Royce Holdings plc (OTCMKTS:RYCEY) to Neutral

Posted by Lauren Steadman on Jan 8th, 2025

Rolls-Royce Holdings plc (OTCMKTS:RYCEY – Get Free Report) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat.com reports.

Rolls-Royce Holdings plc Price Performance

RYCEY stock opened at $7.14 on Monday. The stock’s fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $6.68. Rolls-Royce Holdings plc has a 1-year low of $3.69 and a 1-year high of $7.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Rolls-Royce Holdings plc by 82.0% during the third quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 8,491 shares during the last quarter. Financial Avengers Inc. raised its position in shares of 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 period. Finally, Rhumbline Advisers lifted its stake in shares of Rolls-Royce Holdings plc by 19.0% during the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after buying an additional 13,353 shares in the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

About Rolls-Royce Holdings plc

(Get Free Report)

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.