Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Hits New 52-Week High – Here’s What Happened

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) hit a new 52-week high during trading on Thursday . The company traded as high as $9.47 and last traded at $9.17, with a volume of 6691577 shares. The stock had previously closed at $8.02.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Trading Up 14.3 %

The firm has a fifty day simple moving average of $7.40 and a 200-day simple moving average of $7.10.

Institutional Trading of Rolls-Royce Holdings plc

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Boothe Investment Group Inc. bought a new position in Rolls-Royce Holdings plc during the 4th quarter valued at $8,489,000. Henry James International Management Inc. raised its stake in shares of Rolls-Royce Holdings plc by 1.6% in the 4th quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock valued at $6,962,000 after purchasing an additional 15,436 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in shares of Rolls-Royce Holdings plc by 17.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock valued at $233,000 after purchasing an additional 4,431 shares in the last quarter. Financial Avengers Inc. lifted its position in shares of 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 purchasing an additional 7,000 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 6,727 shares in the last quarter. Institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings plc

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.