Fulton Bank N.A. Reduces Stake in Rolls-Royce Holdings plc (OTCMKTS:RYCEY)

Fulton Bank N.A. decreased its position in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,475 shares of the aerospace company’s stock after selling 7,341 shares during the quarter. Fulton Bank N.A.’s holdings in Rolls-Royce Holdings plc were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised 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 acquiring an additional 8,491 shares during the period. Financial Avengers Inc. lifted its stake in Rolls-Royce Holdings plc by 13.2% during the 3rd 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 grew its position in Rolls-Royce Holdings plc by 19.0% in the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after acquiring an additional 13,353 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th.

Rolls-Royce Holdings plc Trading Down 1.0 %

Shares of OTCMKTS RYCEY opened at $7.05 on Friday. The business’s fifty day simple moving average is $7.20 and its 200-day simple moving average is $6.70. Rolls-Royce Holdings plc has a 12-month low of $3.69 and a 12-month high of $7.68.

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.