Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Hits New 1-Year High – Time to Buy?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $7.22 and last traded at $7.09, with a volume of 1633669 shares trading hands. The stock had previously closed at $7.08.

Rolls-Royce Holdings plc Price Performance

The firm has a fifty day moving average of $6.59 and a two-hundred day moving average of $5.90.

Institutional Trading of Rolls-Royce Holdings plc

A number of hedge funds have recently bought and sold shares of RYCEY. GAMMA Investing LLC raised its holdings in Rolls-Royce Holdings plc by 49.5% in the second quarter. GAMMA Investing LLC now owns 10,355 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 3,430 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Rolls-Royce Holdings plc in the 4th quarter worth approximately $65,000. Fulton Bank N.A. raised its stake in shares of Rolls-Royce Holdings plc by 67.1% during the 1st quarter. Fulton Bank N.A. now owns 46,448 shares of the aerospace company’s stock worth $250,000 after acquiring an additional 18,646 shares in the last quarter. Torray Investment Partners LLC bought a new position in shares of Rolls-Royce Holdings plc during the 2nd quarter worth approximately $286,000. Finally, Rhumbline Advisers lifted its position in Rolls-Royce Holdings plc by 19.0% during the second 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. Hedge funds and other 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.