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

Citigroup lowered shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) from a buy rating to a neutral rating in a research note released on Monday morning, Marketbeat.com reports.

Rolls-Royce Holdings plc Stock Performance

OTCMKTS RYCEY opened at $7.04 on Monday. Rolls-Royce Holdings plc has a twelve month low of $3.69 and a twelve month high of $7.68. The stock has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $6.68.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Several institutional investors have recently made changes to their positions in RYCEY. GAMMA Investing LLC grew its stake in shares of Rolls-Royce Holdings plc by 82.0% in the 3rd quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock valued at $133,000 after buying an additional 8,491 shares during the period. Financial Avengers Inc. boosted its holdings in Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Rolls-Royce Holdings plc by 19.0% in the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after acquiring an additional 13,353 shares in the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.

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.