OLD National Bancorp IN Has $258,000 Stock Position in Rolls-Royce Holdings PLC $RYCEY

OLD National Bancorp IN decreased its stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) by 28.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,438 shares of the aerospace company’s stock after selling 7,614 shares during the quarter. OLD National Bancorp IN’s holdings in Rolls-Royce Holdings PLC were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. boosted its position in shares of Rolls-Royce Holdings PLC by 31.8% in the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company’s stock valued at $84,000 after purchasing an additional 2,055 shares during the period. Sterling Investment Advisors Ltd. acquired a new stake in Rolls-Royce Holdings PLC during the 2nd quarter worth about $174,000. GAMMA Investing LLC boosted its position in Rolls-Royce Holdings PLC by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company’s stock worth $288,000 after acquiring an additional 3,771 shares during the period. L & S Advisors Inc acquired a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth about $2,427,000. Finally, Bowen Hanes & Co. Inc. acquired a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth about $27,782,000. Institutional investors and hedge funds own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Stock Up 0.3%

RYCEY opened at $15.64 on Thursday. Rolls-Royce Holdings PLC has a fifty-two week low of $6.70 and a fifty-two week high of $16.27. The business has a 50-day moving average of $15.04 and a 200-day moving average of $12.67.

Rolls-Royce Holdings PLC Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 25th. Investors of record on Tuesday, August 12th were paid a $0.0596 dividend. This represents a dividend yield of 97.0%. The ex-dividend date of this dividend was Monday, August 11th.

Wall Street Analyst Weigh In

A number of brokerages have commented on RYCEY. Kepler Capital Markets lowered Rolls-Royce Holdings PLC from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. The Goldman Sachs Group began coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Rolls-Royce Holdings PLC has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC 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.