Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) in a research note published on Friday, MarketBeat reports. The firm issued a buy rating on the aerospace company’s stock.

Separately, 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. One equities research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

Shares of RYCEY opened at $15.71 on Friday. Rolls-Royce Holdings PLC has a one year low of $6.70 and a one year high of $15.83. The stock’s fifty day moving average is $14.42 and its 200-day moving average is $12.19.

Rolls-Royce Holdings PLC Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 25th. Shareholders of record on Tuesday, August 12th will be given a $0.0596 dividend. The ex-dividend date is Monday, August 11th. This represents a yield of 97.0%.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bowen Hanes & Co. Inc. boosted its position in shares of Rolls-Royce Holdings PLC by 42.8% during the second quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company’s stock worth $54,099,000 after buying an additional 1,211,310 shares during the period. Rhumbline Advisers increased its stake in shares of Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after purchasing an additional 1,205 shares during the period. L & S Advisors Inc increased its stake in shares of Rolls-Royce Holdings PLC by 16.4% during the second quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after purchasing an additional 40,691 shares during the period. Torray Investment Partners LLC bought a new position in shares of Rolls-Royce Holdings PLC during the second quarter worth approximately $669,000. Finally, Yousif Capital Management LLC increased its stake in shares of Rolls-Royce Holdings PLC by 7.8% during the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. 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.