Dorsey Wright & Associates Invests $1.56 Million in Rolls-Royce Holdings PLC $RYCEY

Dorsey Wright & Associates bought a new stake in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) during the third quarter, Holdings Channel.com reports. The fund bought 97,274 shares of the aerospace company’s stock, valued at approximately $1,558,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bowen Hanes & Co. Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 6.9% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock valued at $70,006,000 after purchasing an additional 278,070 shares in the last quarter. Financially Speaking Inc purchased a new position in Rolls-Royce Holdings PLC during the third quarter worth approximately $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in Rolls-Royce Holdings PLC in the third quarter valued at approximately $1,690,000. Rhumbline Advisers grew its holdings in Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 1,205 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in Rolls-Royce Holdings PLC in the third quarter valued at approximately $1,077,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Stock Performance

Shares of OTCMKTS RYCEY opened at $16.82 on Wednesday. The company’s 50-day simple moving average is $17.44 and its 200-day simple moving average is $15.98. The company has a current ratio of 1.20, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. Rolls-Royce Holdings PLC has a 52-week low of $8.01 and a 52-week high of $18.98.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada began coverage on Rolls-Royce Holdings PLC in a research note on Tuesday, November 18th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.