Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Rating Lowered to Neutral at Citigroup

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

Rolls-Royce Holdings plc Stock Performance

Shares of RYCEY opened at $7.27 on Monday. Rolls-Royce Holdings plc has a 1 year low of $3.68 and a 1 year high of $7.68. The stock’s 50-day moving average price is $7.22 and its two-hundred day moving average price is $6.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RYCEY. GAMMA Investing LLC grew its stake in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after acquiring an additional 6,727 shares during the period. Financial Avengers Inc. lifted its stake 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 valued at $152,000 after buying an additional 2,500 shares in the last quarter. Finally, Rhumbline Advisers boosted 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 buying an additional 13,353 shares during the period. Institutional investors and hedge funds 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.