Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Reaches New 1-Year High – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Rolls-Royce Holdings plc Trading Up 14.3 %

The business has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $7.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Boothe Investment Group Inc. bought a new stake in Rolls-Royce Holdings plc in the fourth quarter valued at $8,489,000. SVB Wealth LLC bought a new position in Rolls-Royce Holdings plc in the 4th quarter worth about $144,000. Henry James International Management Inc. increased its stake in shares of Rolls-Royce Holdings plc by 1.6% in the fourth 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 during the period. Financial Avengers Inc. raised its holdings 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 valued at $203,000 after buying an additional 7,000 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after buying an additional 6,727 shares during the period. 0.07% of the stock is currently owned by institutional investors.

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.