Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Hits New 52-Week High - What's Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.70 and last traded at $7.68, with a volume of 1777388 shares traded. The stock had previously closed at $7.66.Wall Street Analysts Forecast GrowthSeparately, Citigroup lowered shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research note on Monday, January 6th.Read Our Latest Research Report on RYCEYRolls-Royce Holdings plc Trading Up 0.7 %The firm has a fifty day moving average price of $7.30 and a 200 day moving average price of $6.97. Institutional Inflows and OutflowsHedge funds have recently added to or reduced their stakes in the business. 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. Financial Avengers Inc. boosted its stake in Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock worth $152,000 after purchasing an additional 2,500 shares in the last quarter. HighPoint Advisor Group LLC boosted its stake in Rolls-Royce Holdings plc by 17.0% in the 4th quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock worth $233,000 after purchasing an additional 4,431 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Rolls-Royce Holdings plc by 60.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock worth $43,000 after purchasing an additional 2,287 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Rolls-Royce Holdings plc during the 4th quarter valued at approximately $144,000. 0.07% of the stock is owned by institutional investors and hedge funds. Rolls-Royce Holdings plc Company Profile (Get Free Report)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.Further ReadingFive stocks we like better than Rolls-Royce Holdings plcDividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness NVIDIA’s Hidden AI Play: The Truth Behind Its WeRide InvestmentEarnings Per Share Calculator: How to Calculate EPSUp 50% in January, Twilio’s Pullback Is the Time to BuyHow to buy stock: A step-by-step guide for beginners Watch These 3 Stocks—High Short Interest and Big Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Where Should You Invest $1,000 Right Now?Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here Should You Invest $1,000 in Rolls-Royce Holdings plc Right Now?Before you consider Rolls-Royce Holdings plc, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rolls-Royce Holdings plc wasn't on the list.While Rolls-Royce Holdings plc currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here