Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Cut to Neutral at Citigroup

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

Rolls-Royce Holdings plc Trading Down 0.3 %

OTCMKTS RYCEY opened at $7.12 on Monday. Rolls-Royce Holdings plc has a 52 week low of $3.69 and a 52 week high of $7.68. The company has a 50 day moving average price of $7.20 and a 200 day moving average price of $6.69.

Institutional Trading of Rolls-Royce Holdings plc

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Avengers Inc. grew 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 worth $152,000 after buying an additional 2,500 shares during the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 6,727 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Rolls-Royce Holdings plc by 19.0% during the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after acquiring an additional 13,353 shares during the last quarter. Hedge funds and other institutional investors 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.