Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Cut to “Neutral” at Citigroup

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

Rolls-Royce Holdings plc Stock Up 0.1 %

Shares of RYCEY opened at $7.27 on Monday. The company has a 50-day simple moving average of $7.22 and a 200-day simple moving average of $6.67. Rolls-Royce Holdings plc has a 52 week low of $3.68 and a 52 week high of $7.68.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

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

About Rolls-Royce Holdings plc

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.