127,319 Shares in Rolls-Royce Holdings PLC $RYCEY Bought by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Rolls-Royce Holdings PLC (OTCMKTS:RYCEYFree Report) in the 1st quarter, HoldingsChannel reports. The fund purchased 127,319 shares of the aerospace company’s stock, valued at approximately $1,963,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in shares of Rolls-Royce Holdings PLC during the third quarter worth about $1,690,000. Dorsey Wright & Associates acquired a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at about $1,558,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC in the fourth quarter valued at about $863,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Rolls-Royce Holdings PLC in the fourth quarter valued at about $367,000. Finally, Financial Avengers Inc. raised its holdings in shares of Rolls-Royce Holdings PLC by 32.8% during the 3rd quarter. Financial Avengers Inc. now owns 66,400 shares of the aerospace company’s stock valued at $1,076,000 after buying an additional 16,400 shares during the period. 0.07% of the stock is owned by hedge funds and other institutional investors.

Rolls-Royce Holdings PLC Trading Down 1.6%

Shares of RYCEY stock opened at $18.61 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average price is $16.97 and its two-hundred day moving average price is $16.80. Rolls-Royce Holdings PLC has a 12 month low of $12.78 and a 12 month high of $19.17.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RYCEY shares. Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Stock Report on Rolls-Royce Holdings PLC

Rolls-Royce Holdings PLC Company Profile

(Free Report)

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.

See Also

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Institutional Ownership by Quarter for Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)

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