L & S Advisors Inc Boosts Stock Holdings in Rolls-Royce Holdings PLC $RYCEY

L & S Advisors Inc grew its stake in shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) by 16.4% during the second quarter, Holdings Channel reports. The institutional investor owned 288,058 shares of the aerospace company’s stock after purchasing an additional 40,691 shares during the quarter. L & S Advisors Inc’s holdings in Rolls-Royce Holdings PLC were worth $3,854,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of RYCEY. Torray Investment Partners LLC bought a new position in Rolls-Royce Holdings PLC during the 2nd quarter worth approximately $669,000. Yousif Capital Management LLC lifted its position in Rolls-Royce Holdings PLC by 7.8% in the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock valued at $1,419,000 after purchasing an additional 7,705 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in shares of Rolls-Royce Holdings PLC during the second quarter valued at approximately $174,000. GAMMA Investing LLC grew its holdings in shares of Rolls-Royce Holdings PLC by 17.4% in the second quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after purchasing an additional 5,099 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. purchased a new position in shares of Rolls-Royce Holdings PLC in the first quarter worth $27,782,000. Institutional investors own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RYCEY shares. The Goldman Sachs Group initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, September 19th. They set a “buy” rating for the company. Berenberg Bank raised shares of Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Trading Down 4.4%

Shares of Rolls-Royce Holdings PLC stock opened at $14.76 on Friday. Rolls-Royce Holdings PLC has a 1 year low of $6.70 and a 1 year high of $16.27. The firm’s 50-day moving average is $15.43 and its 200 day moving average is $13.70.

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.