Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 52-Week High – Time to Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) hit a new 52-week high on Tuesday . The stock traded as high as $12.48 and last traded at $12.43, with a volume of 1088694 shares traded. The stock had previously closed at $12.18.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Kepler Capital Markets raised Rolls-Royce Holdings PLC from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th. Vertical Research upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Friday, February 28th.

Rolls-Royce Holdings PLC Stock Up 2.7%

The company’s fifty day moving average price is $11.06 and its 200-day moving average price is $9.30.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Institutional investors and hedge funds have recently modified their holdings of the business. Boothe Investment Group Inc. bought a new stake in shares of Rolls-Royce Holdings PLC during the fourth quarter worth $8,489,000. GAMMA Investing LLC increased its stake in Rolls-Royce Holdings PLC by 1,025.7% in the 1st quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company’s stock worth $29,344,000 after buying an additional 262,292 shares during the period. SVB Wealth LLC bought a new stake in Rolls-Royce Holdings PLC during the 4th quarter valued at about $144,000. First Horizon Advisors Inc. lifted its holdings 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 valued at $46,000 after buying an additional 3,904 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Rolls-Royce Holdings PLC by 60.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock valued at $43,000 after buying an additional 2,287 shares during the period. 0.07% of the stock is owned by institutional investors.

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.