Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Now Covered by Royal Bank Of Canada

Royal Bank Of Canada started coverage on shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) in a report released on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating on the aerospace company’s stock.

RYCEY has been the subject of a number of other research reports. Berenberg Bank upgraded Rolls-Royce Holdings PLC to a “hold” rating in a report on Monday, October 20th. The Goldman Sachs Group assumed coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Rolls-Royce Holdings PLC presently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

Shares of OTCMKTS:RYCEY opened at $14.20 on Tuesday. The business has a 50 day simple moving average of $15.40 and a two-hundred day simple moving average of $13.84. Rolls-Royce Holdings PLC has a 1 year low of $6.70 and a 1 year high of $16.27.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors and hedge funds have recently bought and sold shares of the company. L & S Advisors Inc bought a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter worth $2,427,000. Bowen Hanes & Co. Inc. purchased a new stake in Rolls-Royce Holdings PLC in the first quarter worth about $27,782,000. GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after acquiring an additional 5,099 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new position in Rolls-Royce Holdings PLC during the 2nd quarter worth about $174,000. Finally, Yousif Capital Management LLC increased its position in Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock valued at $1,419,000 after purchasing an additional 7,705 shares during the period. 0.07% of the stock is 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.