Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Large Volume Increase – Time to Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares saw an uptick in trading volume on Thursday . 3,984,888 shares changed hands during trading, an increase of 6% from the previous session’s volume of 3,756,108 shares.The stock last traded at $15.3125 and had previously closed at $15.44.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RYCEY shares. The Goldman Sachs Group assumed coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, September 19th. They issued a “buy” rating for the company. Berenberg Bank upgraded Rolls-Royce Holdings PLC to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

The stock’s 50-day moving average price is $15.42 and its 200-day moving average price is $13.69.

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors and hedge funds have recently modified their holdings of RYCEY. ORG Partners LLC grew its position in Rolls-Royce Holdings PLC by 115.3% in the third quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 1,055 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Rolls-Royce Holdings PLC by 2,646.8% in the third quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 2,938 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at approximately $174,000. GAMMA Investing LLC boosted its stake in shares of Rolls-Royce Holdings PLC by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock valued at $461,000 after purchasing an additional 5,099 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in shares of Rolls-Royce Holdings PLC by 7.1% during the 3rd quarter. HighPoint Advisor Group LLC now owns 38,808 shares of the aerospace company’s stock valued at $629,000 after purchasing an additional 2,583 shares during the last quarter. 0.07% of the stock is currently owned by institutional investors.

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.