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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research note issued on Monday, Marketbeat.com reports.

Rolls-Royce Holdings plc Trading Up 1.5 %

Shares of OTCMKTS RYCEY opened at $7.14 on Monday. The firm’s 50-day moving average price is $7.20 and its 200-day moving average price is $6.68. Rolls-Royce Holdings plc has a 1-year low of $3.69 and a 1-year high of $7.68.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Rolls-Royce Holdings plc by 82.0% in the third quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock valued at $133,000 after purchasing an additional 8,491 shares in the last quarter. Financial Avengers Inc. raised its position 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 valued at $152,000 after buying an additional 2,500 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Rolls-Royce Holdings plc by 19.0% in the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after buying an additional 13,353 shares during the last quarter. 0.07% of the stock is owned by institutional investors and hedge funds.

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.