Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Reaches New 12-Month High – What’s Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) hit a new 52-week high on Tuesday . The company traded as high as $11.84 and last traded at $11.78, with a volume of 14625132 shares traded. The stock had previously closed at $11.41.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RYCEY shares. Kepler Capital Markets raised Rolls-Royce Holdings plc from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Vertical Research raised Rolls-Royce Holdings plc to a “strong-buy” rating in a research report on Friday, February 28th.

Rolls-Royce Holdings plc Trading Up 3.2%

The business has a 50-day simple moving average of $10.10 and a two-hundred day simple moving average of $8.61.

Rolls-Royce Holdings plc Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be given a $0.0761 dividend. The ex-dividend date is Tuesday, April 22nd.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Rolls-Royce Holdings plc by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after buying an additional 2,287 shares in the last quarter. First Horizon Advisors Inc. grew 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 worth $46,000 after buying an additional 3,904 shares in the last quarter. SVB Wealth LLC acquired a new stake in Rolls-Royce Holdings plc during the fourth quarter worth approximately $144,000. Financial Avengers Inc. grew its position in Rolls-Royce Holdings plc by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock worth $203,000 after buying an additional 7,000 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock worth $233,000 after buying an additional 4,431 shares in the last quarter. Institutional investors and hedge funds 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.