Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Receives Consensus Rating of “Buy” from Analysts
Rolls-Royce Holding PLC (OTCMKTS:RYCEY) has received a consensus rating of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company.
RYCEY has been the topic of several analyst reports. Zacks Investment Research raised shares of Rolls-Royce Holding PLC from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine raised shares of Rolls-Royce Holding PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Canandaigua National Bank & Trust Co. acquired a new position in Rolls-Royce Holding PLC in the 2nd quarter valued at about $108,000. Park National Corp OH acquired a new position in Rolls-Royce Holding PLC in the 2nd quarter valued at about $127,000. Quadrant Capital Group LLC grew its stake in Rolls-Royce Holding PLC by 108.4% in the 1st quarter. Quadrant Capital Group LLC now owns 19,386 shares of the aerospace company’s stock valued at $223,000 after buying an additional 10,085 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Rolls-Royce Holding PLC by 8.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock valued at $25,943,000 after buying an additional 168,361 shares during the last quarter. Institutional investors and hedge funds own 0.14% of the company’s stock.
About Rolls-Royce Holding PLC
Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.
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