Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Downgraded to Neutral Rating by Citigroup

Citigroup cut shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) from a buy rating to a neutral rating in a research report released on Monday morning, MarketBeat reports.

Rolls-Royce Holdings plc Stock Performance

Shares of RYCEY stock opened at $7.12 on Monday. The business has a fifty day moving average of $7.20 and a 200 day moving average of $6.69. Rolls-Royce Holdings plc has a 1 year low of $3.69 and a 1 year high of $7.68.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Rolls-Royce Holdings plc by 82.0% in the 3rd quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock worth $133,000 after buying an additional 8,491 shares during the period. Financial Avengers Inc. lifted its stake in Rolls-Royce Holdings plc by 13.2% during the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after acquiring an additional 2,500 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Rolls-Royce Holdings plc by 19.0% in the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after acquiring an additional 13,353 shares during the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Company Profile

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.