Pinnacle Wealth Management Advisory Group LLC Invests $1.96 Million in Rolls-Royce Holdings PLC $RYCEY

Pinnacle Wealth Management Advisory Group LLC bought a new position in Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 127,319 shares of the aerospace company’s stock, valued at approximately $1,963,000.

A number of other institutional investors have also recently bought and sold shares of RYCEY. Financial Avengers Inc. grew its holdings in Rolls-Royce Holdings PLC by 18.9% in the fourth quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock valued at $1,241,000 after purchasing an additional 12,525 shares during the period. Dorsey Wright & Associates raised its stake in Rolls-Royce Holdings PLC by 2.2% during the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock worth $1,537,000 after purchasing an additional 2,117 shares during the period. Atlas Capital Advisors Inc. purchased a new position in Rolls-Royce Holdings PLC during the fourth quarter worth approximately $863,000. AdvisorShares Investments LLC boosted its holdings in shares of Rolls-Royce Holdings PLC by 2.8% in the 4th quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company’s stock valued at $1,075,000 after purchasing an additional 1,881 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Rolls-Royce Holdings PLC by 30.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 1,658 shares during the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RYCEY. Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane initiated coverage on Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They issued an “outperform” rating on the stock. Finally, Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Trading Down 1.6%

RYCEY opened at $18.61 on Friday. Rolls-Royce Holdings PLC has a 1 year low of $12.78 and a 1 year high of $19.17. The firm has a 50 day moving average price of $16.97 and a 200 day moving average price of $16.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.